Markets Right Now: U.S. stock indexes edge higher - InfoNews

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Markets Right Now: U.S. stock indexes edge higher

November 13, 2017 - 1:09 PM

NEW YORK - The latest on developments in financial markets (All times local):

4 p.m.

Stock indexes closed modestly higher as gains for consumer and household goods companies were partly offset by losses in industrial and energy stocks.

Mattel soared 21 per cent Monday on a report that Hasbro offered to buy the rival toymaker.

General Electric slumped 7 per cent after cutting its dividend and releasing a weak forecast for next year.

The Standard & Poor's 500 index rose 2 points, or 0.1 per cent, to 2,584.

The Dow Jones industrial average gained 17 points, or 0.1 per cent, to 23,439. The Nasdaq composite index rose 6 points, or 0.1 per cent, to 6,757.

Small-company stocks closed slightly lower.

The stock market snapped an eight-week string of gains last week.

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11:45 a.m.

U.S. stocks are wavering between small gains and losses in midday trading Monday.

Gains in consumer-focused stocks were offset by losses in other parts of the market Monday, including industrial and energy stocks.

General Electric sank 6 per cent after issuing a weak forecast for next year and cutting its dividend in half. Halliburton lost 1.3 per cent.

Mattel soared 21 per cent following a report that Hasbro made an offer to buy the rival toymaker.

The Standard & Poor's 500 index was little changed at 2,582.

The Dow Jones industrial average edged up 7 points, less than 0.1 per cent, to 23,429. The Nasdaq composite index was also little changed at 6,754.

More stocks fell than rose on the New York Stock Exchange.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street, led by declines in technology and industrial companies.

General Electric sank 2.6 per cent in early trading Monday after issuing a weak forecast for next year and cutting its dividend in half.

Advanced Micro Devices and Adobe each lost about 1 per cent.

Toymaker Mattel soared 19 per cent following a report that Hasbro made an offer to buy the company.

The Standard & Poor's 500 index fell 7 points, or 0.4 per cent, to 2,575.

The Dow Jones industrial average declined 66 points, or 0.2 per cent, to 23,355. The Nasdaq composite index slipped 26 points, or 0.4 per cent, to 6,724.

News from © The Associated Press, 2017
The Associated Press

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