The return of "Merger Monday" boosted investor sentiment. Google agreed to buy Motorola Mobility for $12.5 billion, the two companies said Monday.
Shares of Motorola Mobility (MMI) surged 56%, leading the gains on the S&P 500. The merger also helped boost shares of BlackBerry maker Research in Motion (RIMM) as well as Nokia Corp (NOK).
Bank of America's (BAC, Fortune 500) stock spiked 7.9% after the bank said it is selling its credit card business in Canada to TD Bank Group for $8.6 billion, and is exiting its credit card businesses in the U.K. and Ireland.
Shares of offshore drilling contractor Transocean (RIG) rose 3% after it announced plans to buy Norway's Aker Drilling for $1.4 billion.
Google buying Motorola Mobility
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