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Wall Street rises on M&A, earnings


    NEW YORK (Reuters) - U.S. stocks rose at the open on Monday after Schlumberger agreed to buy Smith International for $11.34 billion in stock and Lowe's Co posted better-than-expected earnings, indicating increased confidence among corporate managers and consumers.

    The Dow Jones industrial average added 27.96 points, or 0.27 percent, to 10,430.31. The Standard & Poor's 500 Index rose 3.12 points, or 0.28 percent, to 1,112.29. The Nasdaq Composite Index gained 7.57 points, or 0.34 percent, to 2,251.44.

    (Editing by Theodore d'Afflisio)