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SmartAsset.com On Thursday, the Dow, S&P 500 and Nasdaq rose between 1.2% and 1.6%. "The S&P 500 has been up more than 1% in four of the last five trading days. This is a feat that has not occurred since October 2011," noted Mike O'Rourke, chief market strategist at JonesTrading. 2. It ain't happening: A Chinese takeover of the Chicago Stock Exchange has been blocked by the U.S. Securities and Exchange Commission. The deal was first announced in February 2016, and had been in regulatory limbo for two years. The SEC said it was unable to obtain all the information...

CHICAGO--The Chicago Stock Exchange, Inc. (CHX) is pleased to announce that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (the 'Casin Group'). The Board of Directors of CHX has unanimously approved the transaction, which is subject to regulatory approvals. The acquisition is expected to close in the second half of 2016. Terms of the transaction have not been disclosed.

The Chicago Stock Exchange, founded more than a century ago, said it has agreed to be acquired by a Chinese-led investor group. The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. The exchange needs the cash from the buyout to launch its new trading products and platforms, Kerin said. Terms of the deal were not disclosed. Kerin will continue as CEO after the deal closes. Leading the investor group is Chongqing Casin Enterprise Group, a holding company...