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Overcast 33° Good Afternoon
Overcast 33° Good Afternoon
Business

U.S. stocks open mixed following news of Kraft acquisition

U.S. stock indexes are mixed in early trading following big merger news.

The Dow Jones industrial average slipped five points to 18,006 as of 9:35 a.m. Wednesday.

The Standard & Poor's 500 index gained one point to 2,092. The Nasdaq composite nudged down seven points to 4,986.

Kraft Foods Group soared 33 percent after H.J. Heinz Co. announced it would buy the company, creating one of the largest food and beverage makers in the world.

Government bond prices rose, pushing down the yield on the benchmark 10-year Treasury note to 1.86 percent from 1.88 percent late Tuesday AP-WF-03-25-15 1341GMT

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