U.S. stocks are jumping Monday morning as the market rapidly changes course once again.
Technology companies are climbing, with open-source software company Red Hat surging after IBM agreed to buy it for $34 billion in stock.
Internet and media companies are rising and so are companies that make and sell consumer goods.
Stocks in Europe also turned sharply higher. Italy’s main stock index rallied after Standard & Poor’s did not lower the country’s credit rating.
