NEW YORK (AP) — Stocks are rising at the opening bell after another round of corporate acquisitions and a better-than-expected economic report from Japan.
Google says it will buy wireless phone maker Motorola Mobility for $12.5 billion, the biggest of three deals announced Monday that each topped $1 billion. World markets rose earlier after Japan said its economy shrank last quarter by less than half of what economists expected, following its March earthquake.
That is helping to overshadow worries about the weak economy. Manufacturing in New York worsened for the third straight month in August.
The Dow Jones industrial average is up 124 points, or 1.1 percent, to 11,395. The S&P 500 is up 12, or 1.1 percent, to 1,952. The Nasdaq is up 20, or 0.8 percent, to 2,529.