Dow Jones Industrial Average Rallies As AAPL Stock, Oil Push Higher

Now, let's look at the day's biggest stock movers and the must-own stock for today…

Top Stock Market News Today

  • There were no major earnings reports today, as investors continue to monitor retail stocks. This week, keep an eye on earnings reports from Home Depot Inc. (NYSE: HD), Target Corp. (NYSE: TGT), and Wal-Mart Stores Inc. (NYSE: WMT).
  • Today, Range Resources (NYSE: RRC) saw shares fall 2% on news that it will purchase Memorial Resource Development (Nasdaq: MRD) in a $4.4 billion all-stock deal. MRD stock was up more than 4.5% on news of the deal.
  • Shares of Anacor Pharmaceuticals Inc. (Nasdaq: ANAC) rallied nearly 56% after the company announced an all-cash sale to Pfizer Inc. (NYSE: PFE). The $5.2 billion deal comes after biotech stocks rallied on Friday. The deal helped fuel positive sentiment in the biotech sector. Shares of the iShares Nasdaq Biotechnology ETF (Nasdaq: IBB) gained than 3% on the day.
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