U.S. Stocks Gain for a Second Week; S&P 500 Rises Most Since April on M&A

(Bloomberg) -- U.S. stocks advanced, giving the
Standard & Poor's 500 Index its biggest weekly gain since April,
propelled by $50 billion in announced takeovers and reports that
signaled economic growth is accelerating.

Hilton Hotels Corp. had the top advance in the S&P 500
after agreeing to a $20 billion buyout by Blackstone Group LP, a
record purchase for the hotel industry. Exxon Mobil Corp., the
world's largest oil company, surged to an all-time peak and
helped push the Dow Jones Industrial Average higher after crude
prices jumped above $72 a barrel.


Read more at Bloomberg Stocks News