Wall Street gains but Time Warner falls

NYSE traders Image copyright Reuters

Wall Street's main indexes all rose on Monday, as the markets had their first chance to react to the news that AT&T was to buy Time Warner.

However, Time Warner itself, which had risen more than 8% amid reports of the deal on Friday, fell by 3% to close at $86.74.

AT&T closed down by nearly 1.7%.

The Dow Jones rose 0.43% to 18,222.89, while the S&P 500 added 0.47% to 2,151.31 and the hi-tech Nasdaq gained 1% to 5,309.83.