The price tag at $5.6 billion is the drinks giant's largest buy of a single brand in the company's storied history. The stock surged 9 percent.Coca-Cola is buying the remaining stake in sports drink brand BodyArmor that it does not already own.
steel and aluminum by the European Union. The company's motorcycles will no longer be hit by retaliatory tariffs against U.S. Shares of Tesla rallied 8-1/12 percent.Harley-Davidson was another stand-out stock. The stock is still building momentum after topping a $1 trillion market valuation last week. Manufacturing activity did grow at a slower pace in September due to supply shortages and rising raw material costs. And in a bright spot - factories were able to increase employment in September. Manufacturing activity has expanded for the 17th straight month, according to the Institute for Supply Management.
But right now, that's not the real concern that we have in the marketplace for the Fed to shift rates, it's whether the market can actually sustain it right now, given where we are in the recovery."There was news Monday on how far the economic recovery has come. You know, they've shown this time and time again if they have to continue the purchase program longer than anticipated, they will. "We think the the the initial steps to reduce bond purchases is the first step towards adjusting and normalizing interest rate policy and letting rates move higher if they have to. The Nasdaq jumped 97.The Federal Reserve meets Tuesday and Wednesday and is expected to begin removing some of the massive assistance its provided to the economy since the start of the health crisis threatened a big recession.Greg Hahn, Chief Investment Officer, Winthrop Capital Management doesn’t expect the Fed to hint at any looming rate hikes. Record highs for the Dow, the S&P 500 and the Nasdaq as investors moved cautiously on Monday ahead of this week's Federal Reserve meeting.The Dow rose 94 points.
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