U.S Stocks have closed higher Monday on above-forecast results from Schering-Plough Corp. and Merck & Co. and merger news in the financial, oil-drilling and equipment-rental sectors.
The Dow Jones Industrial Average ended up 92 points, at 13,943
The S&P 500 ended 7.4 points higher at 1,541.
The Nasdaq Composite advanced 2.9 points to 2,690.
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European stocks advanced Monday, helped by gains generated by commodity-related equities and automakers.
The pan-European Dow Jones Stoxx 600 index rose to 395.01.
Europe's regional indexes also picked up
momentum toward the end of the session.
The German DAX 30 index closed up to 7,944.21.
The French CAC-40 index moved up to 6,009.16.
The U.K.'s FTSE 100 index advanced to 6,624.40.
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Crude-oil futures closed below $75 a barrel Monday after exports from an Angolan oil facility resumed and key oil producers made a positive forecast on global crude supplies.
The Organization of the Petroleum Exporting Countries said that the group was concerned about high prices and would be ready to supply more oil if needed.
Crude oil for September delivery lost 90 cents to close at $74.89 a barrel on the New York Mercantile Exchange.
Against this backdrop, August reformulated gasoline prices fell 6.05 cents to close at $2.1041 a gallon.
August heating oil dropped 3.61 cents to end at $2.0561 a gallon.
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