The markets are up big today as corporate deals and worries about the Japan nuclear crisis are easing. The Dow is up 181 points, the Nasdaq is up 48 points, and the S&P is up 18 points. The biggest news affecting the markets happened over the weekend when AT&T announced it would buy T-Mobile USA for $39 billion. Check out our article for more a more in-depth look at the AT&T deal. The nuclear crisis in Japan is easing somewhat after the Nuclear Regulatory Commission said the situation at the Fukushima Dai-ichi plant appeared to be stabilizing.
Oil is on the rise today after the U.S. and its allies enacted a U.N. mandated no-fly zone and have begun launching airstrikes. There has also been more unrest over the weekend in the Middle East including in Yemen, where a powerful general has expressed support for protesters who seek to end the president’s 3 decade rule.
The corporate deals and the easing of the nuclear situation in Japan are overshadowing the rise in oil prices today. It will be interesting to see how the market reacts in the coming days if the unrest in the Middle East continues.