New York--US stocks opened higher Tuesday following a large FedEx acquisition deal and an announcement that data services company Informatica would go private.
Five minutes into trade, the Dow Jones Industrial Average was at 17,936.74, up 55.89 points (0.31 percent).
The broad-based S&P 500 rose 4.74 (0.23 percent) to 2,085.36, while the tech-rich Nasdaq Composite Index added 16.18 (0.33 percent) at 4,933.49.
Delivery service company FedEx rose 3.3 percent as it announced it would buy Dutch rival TNT Express for 4.4 billion euros ($4.8 billion), giving it a big foothold in Europe.
Informatica, which provides data integration software and services to companies, surged 4.5 percent after it announced it would be acquired by a company controlled by private-equity firm Permira and the Canadian Pension Plan Investment Board for about $5.3 billion.
AFP
