Article: Stocks rise on Pfizer-Wyeth deal, home sales data

Wall Street had a burst of optimism Monday, rising on news that drugmaker Pfizer will acquire rival Wyeth for $68 billion and on a surprise jump in sales of existing homes in December.

The Standard & Poor's 500 and Nasdaq composite indexes rose more than 1 percent, while the Dow Jones industrial average rose more than 80 points.

Pfizer's move offered investors reassurance that dealmaking could still take place in a difficult recession. And a report from the National Association of Realtors that sales of existing homes rose rather than fell in December stirred hopes that lower prices and falling interest rates are helping eat away at a glut of homes with "for ...

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