Mid-Morning Market Update: Markets Surge; Seagate To Acquire Xyratex For $374M

Following the market opening Monday, the Dow traded up 0.34 percent to 16,275.47 while the NASDAQ surged 0.58 percent to 4,128.51. The S&P also rose, gaining 0.35 percent to 1,824.75. Top Headline Seagate Technology Plc (NASDAQ: STX ) announced its plans to buy Xyratex (NASDAQ: XRTX )