Stocks return to record territory after deal news

Published on NewsOK Modified: February 24, 2014 at 2:27 pm •  Published: February 24, 2014
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"It shows that companies still see value in this market, even at these highs," said Quincy Krosby, a market strategist at Prudential Financial.

STREAMING DEAL: Netflix and Comcast reached an agreement to ensure that the online video service's TV shows and movies are streamed smoothly. No details were released about the cost to Netflix. Comcast gained 18 cents, or 0.5 percent, to $51.23 and Netflix was up $15.07, or 4 percent, to $447.30.

LATER THIS WEEK: Investors had little in the way of corporate earnings or economic data to sort through Monday. Fed Chair Janet Yellen will testify in front of the Senate Banking Committee on Thursday. Investors will also get several economic reports this week, including durable goods orders and U.S. fourth-quarter gross domestic product.

TREASURYS AND COMMODITIES: Government bond prices were flat. The yield on the 10-year Treasury note was unchanged from Friday at 2.74 percent. The price of oil rose 57 cents to $102.77 a barrel. Gold increased $14 to $1,337.50 an ounce.