Wall Street lifts on merger activity

US stocks move higher over signs of rising M&A activity despite a major pharmaceutical merger again being spurned by the target.

US stocks have ended higher as investors cheered the latest signs of rising M&A activity despite a major pharmaceutical merger again being spurned by the target.

At the closing bell, the Dow Jones Industrial Average inched up 20.55 points, or 0.12%, to 16,511.86.

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