More Gains on Wall Street, Burger King and Tim Hortons Announce Partnership
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iStockphoto/Thinkstock(NEW YORK) — Wall Street posted another day of gains on Tuesday, following up Monday’s milestone for the S&P 500 with another, amidst news that Burger King and Tim Hortons will combine efforts to create a fast-food powerhouse.
The Dow Jones Industrial Average finished at 17,106.70, up 29.83 from Monday.
The Nasdaq rose 13.29 to a 4,570.64 close, while the S&P gained 2.1, finished at 2,000.02, the first time the index has ever closed above 2,000.
Reports emerged on Monday that Burger King was looking to buy Tim Hortons. According to a press release from Tim Hortons on Tuesday, the two companies represent a combined $23 billion in sales and 18,000 restaurants in 100 countries. Each chain will continue to operate as independent brands, but will share common ownership.
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