UBSShares in Italian broadcasterrose as much as 5.9 per cent after founder and former Italian prime minister Silvio Berlusconi died at age 86.added 0.7 per cent after it said it agreed to acquire Seattle-based biotech firm Chinook Therapeutics for up to $3.5 billion.The benchmark S&P 500 notched gains for a fourth straight week on Friday, building on a 20 per cent rise from its October 2022 lows, heralding the start of a new bull market, as defined by some market participants.
At 12.13pm ET, the Dow Jones Industrial Average was up 71.54 points, or 0.21 per cent, at 33,948.32; the S&P 500 was up 15.50 points, or 0.36 per cent, at 4,314.36; and the Nasdaq Composite was up 94.23 points, or 0.71 per cent, at 13,353.37.advanced 6.4 per cent to hit an all-time high as JP Morgan hiked its price target to $109, in advance of the cloud and enterprise software firm’s fourth-quarter results later in the day.
Nasdaq slumped 13.5 per cent after the exchange operator said it would buy software firm Adenza for $10.5 billion, which analysts called an expensive bet.shares edged up 1.6 per cent after a US FDA panel of advisers unanimously backed its Alzheimer’s drug, Leqembi, raising hopes that a traditional approval for the treatment might not come with major new safety warnings.gained 4.