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Review: Nasdaq rises on likely megamerger in tech sector

A possible $103-billion megadeal in the chip sector boosted the tech-heavy Nasdaq on Monday but the S&P and the Dow Industrials stayed unchanged in early trading.

The Dow Jones Industrial Average dipped 0.01 percent, to 23,537.76. The S&P 500 ticked up 0.001 percent, to 2,587.89 and the Nasdaq Composite rose 0.18 percent, to 6,776.86.

Broadcom has offered to acquire the smartphone chip supplier Qualcomm in what could be the largest merger in the sector.


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