U.S. stocks edge higher in early trading
Traders work on the floor of the New York Stock Exchange on Wall Street. Credit: Getty Images/Spencer Platt
Stocks are edging mostly higher in the early going. Markets are generally quiet with trading closed across Europe for the Easter holiday.
In the United States, several stocks were moving on corporate news Monday. Avon Products jumped 5 percent after reaching a deal with activist investors that appeared to head off a proxy fight.
Starwood Hotels gained 3 percent after China’s Anbang Insurance Group raised its offer for the company.
The Dow Jones industrial average edged up seven points, less than 0.1 percent, to 17,523. Standard & Poor’s 500 index was up a point to 2,036. The Nasdaq composite slipped six points to 4,766.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.89 percent.
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Get ready for sun and fun with NewsdayTV's summer FunBook special! From celebrating America's 250th birthday to a new ride at Adventureland, NewsdayTV's Elisa DiStefano and Newsday lifestyle editor Meghan Giannotta have your inside look at Newsday's summer FunBook.
