U.S. stock indexes were mixed, as the Nasdaq 100 Index rose on a Mylan NV takeover bid, while the Dow Jones Industrial Average slid after Travelers Cos. and DuPont Co. reported disappointing results. Emerging-market shares resumed gains and gold climbed.
The Nasdaq 100 added 0.4 percent at 4 p.m. in New York, while the Dow average lost 0.5 percent. The Stoxx Europe 600 Index jumped 0.6 percent, and developing-nation stocks rose for the first time in three days. Gold climbed on haven demand, while Greece’s 10-year bonds fell for a seventh day as concern grew about a possible default.
Mylan rallied after Teva Pharmaceutical Industries Ltd. made an unsolicited offer to buy it for about $40.1 billion, in the drug industry’s largest takeover attempt this year. Investors assessed mixed earnings from Under Armour Inc. to United Technologies Corp. for clues on the strength of corporate balance sheets. The Standard & Poor’s 500 Index is 1 percent away from a record reached on March 2, the same day the Nasdaq Composite Index topped 5,000 for the first time in 15 years.
Source : Bloomberg