Sunday October 23rd, 2016 5:41AM

S&P 500 touches 2,000 as corporate deals continue

By The Associated Press
NEW YORK (AP) -- The stock market hit another milestone as the Standard & Poor's 500 index briefly traded above 2,000 points for the first time.<br /> <br /> The S&P 500 first closed above 1,000 points in February 1998.<br /> <br /> On Monday the market rose as investors were encouraged by the latest round of corporate deal news.<br /> <br /> Burger King soared 20 percent on news that the fast-food chain is in talks to buy Tim Hortons of Canada, which could save the company money on taxes.<br /> <br /> The S&P 500 rose nine points, or 0.5 percent, to close at 1,997.<br /> <br /> The Dow Jones industrial average rose 75 points, or 0.4 percent, to 17,076. The Nasdaq composite rose 18 points, or 0.4 percent, to 4,557.<br /> <br /> Bond price rose. The yield on the 10-year Treasury note fell to 2.39 percent.
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