Home » NEWS » Banking & Finance » Stocks shake off an early loss and end with slight gains

Stocks shake off an early loss and end with slight gains

Stocks are ending mostly higher after shaking off an early loss.

Starwood Hotels jumped 5 percent Monday after agreeing to a new offer to be acquired by Marriott International.

Valeant Pharmaceutical rose 7 percent after its CEO stepped down. Activist investor Bill Ackman will join the troubled company’s board.

Homebuilders lost ground on news that home sales fell last month.

The Dow Jones industrial average edged up 21 points, or 0.1 percent, to 17,624.

The Standard & Poor’s 500 index rose two points, or 0.1 percent, to 2,051. The Nasdaq composite climbed 13 points, or 0.3 percent, to 4,808.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.92 percent.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *

*