Skip to main content

US stocks drift sideways in midday trading

NEW YORK (AP) — The U.S. stock market crept higher in midday trading after companies announced a handful of deals. Major indexes appeared headed to new highs.

Shortly before noon on Monday, the Standard & Poor’s 500 index was up six points, or 0.3 percent, to 1,955. The S&P ended last week at a record.

The Dow Jones industrial average was up 43 points, or 0.3 percent, to 16,967. The Nasdaq was up 23 points, or 0.5 percent, to 4,345.

Hillshire Brands jumped 5 percent after Tyson Foods raised its bid for the maker of Jimmy Dean sausages. Family Dollar’s stock jumped 14 percent following news that investor Carl Icahn has taken a stake in the company.

The drug company Merck announced a deal to buy Idenix Pharmaceuticals, shooting Idenix’s stock up 234 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Hail to the chief: Take our presidential trivia quiz

EDITOR'S NOTE: WTOP first brought you this quiz in 2019. Presidents Day is coming. How well do you know the less-important facts about the nation's leaders? Take WTOP's quiz — with any luck, it won't take you all Presidents Day to finish it.
Read Next Story