Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought by Musk

Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought by Musk
The Twitter logo is displayed on a banner outside the New York Stock Exchange, on Nov. 7, 2013. Andrew Burton/Getty Images
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Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks.

Twitter ended up 5.6 percent after announcing it would be bought by Musk in a deal that will shift control of the social media giant to the world’s richest person.