Continued enthusiasm over last week’s upbeat jobs report lifted the markets to a higher open with the Dow rising 9 points to 16,029. Nasdaq added 5 points to 4067.

On the upside 

Covidien (NYSE: COV) will pay a premium of approximately $860 million in cash to acquire Given Imaging (Nasdaq: GIVN).

Sysco (NYSE: SYY) will acquire US Foods for approximately $3.5 billion in a stock and cash.

Prana Biotechnology (Nasdaq: PRAN) completed the treatment phase of its IMAGINE Alzheimer’s Disease clinical trial.

On the downside

Investors locked in profits on Plug Power (Nasdaq: PLUG). 

NII Holdings (Nasdaq: NIHD) warned that prepaid subscriber deactivations in Mexico will be greater than expected and announced plans to eliminate 1,400 market operations jobs and will reduce the number of employees at its headquarters by more than 25%.

Shares of Yingli Green Energy (NYSE: YGE) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 added 2 points to 1807. Bitcoin soared $101.50 or 12.97% to $884.00.