High End Despite Monday Blues

The Dow closed up 7.60 points today, ending at 11857.81. A high close despite North Korea's black news of nuclear testing and slow trading due to the holiday. Instead, investors chose to focus on the blockbuster deals: PNC Financial Services Group agreed to pay $6 billion for Mercantile Bankshares, which jumped 22%. And the Dolan family offered to buy back Cablevision (again) in an offer valuing the cable systems operator at $7.9 billion. There was more news after everyone shut their doors: Google aggreed to buy YouTube for $1.65 billion in stock. This means the popular video site is the largest acquisition for Google yet! DJIA: +7.60 Nasdaq: +11.78 S&P 500: +1.08