Wall Street Climbs on EA Takeover Bid and Peace Plan Optimism
Wall Street closed with gains on Monday, September 29, 2025. The US leading index, the S&P 500, and the Nasdaq 100 all rose, driven by a $55 billion takeover 'offer up' for Electronic Arts and optimism around a Middle East peace plan.
The Dow Jones Industrial Average ended the day up 0.15% at 46,316 points. The S&P 500 rose 0.26% to 6,661 points, while the tech-heavy Nasdaq 100 gained 0.44% to 24,611 points.
Shares of Electronic Arts soared 4.5% following a leveraged buyout worth $55 billion. The consortium behind the offer includes Saudi Arabia's Public Investment Fund (PIF), the investment firm Silver Lake, and Affinity Partners, linked to Jared Kushner. Nvidia also closed trading two percent higher, narrowly missing its record high.
The gains came amidst a 21-point peace plan for the Middle East presented by former US President Donald Trump during a meeting with Israeli Prime Minister Benjamin Netanjahu. Investors were also buoyed by enthusiasm around artificial intelligence and the takeover bid. Meanwhile, quantum and oil stocks experienced losses.
US mergers and acquisitions have already surpassed the $1 trillion mark this year, a 29% increase from last year. The takeover offer for Electronic Arts contributes to this trend, reflecting a positive outlook in the market despite sector-specific losses.
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