NEW YORK (AP) — The U.S. stock indexes headed higher as deals and economic news gave the market a lift.
The Nasdaq briefly touched 5,000, the first time the tech-heavy index has hit that mark in nearly 15 years.
The Dow Jones industrial average rose 124 points, or 0.7 percent, to 18,256 as of 11:45 a.m. Eastern time Monday.
The Standard & Poor's 500 index rose eight points, or 0.4 percent, to 2,112. The Nasdaq composite gained 34 points, or 0.7 percent, to 4,997.
Freescale Semiconductor jumped 10 percent after agreeing to be acquired by Dutch chipmaker NXP Semiconductors.
The government reported that personal income edged up and spending rose in January when adjusted for inflation, reflecting a slide in gas prices.
Oil prices rose 78 cents to $50.54 a barrel in New York.