Wall Street closes up on M&A activity

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February 20, 2013 8:14 AM EST

U.S. stocks rose on Tuesday as this year's ongoing surge in merger activity suggested investors were still finding value in the market even as indexes hovered near five-year highs.

Based on the latest available data, the Dow Jones industrial average <.DJI> was up 53.22 points, or 0.38 percent, at 14,034.98. The Standard & Poor's 500 Index <.SPX> was up 10.96 points, or 0.72 percent, at 1,530.75. The Nasdaq Composite Index <.IXIC> was up 21.56 points, or 0.68 percent, at 3,213.59.

(Reporting By Caroline Valetkevitch; Editing by Nick Zieminski)

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