Home » NEWS » Banking & Finance » UPDATED — US stock indexes are edging lower in midday trading

UPDATED — US stock indexes are edging lower in midday trading

Stock indexes are mostly lower in midday trading and several companies are moving on deals and other news.

Virgin America jumped 40 percent Monday after agreeing to be acquired by Alaska Air. Alaska Air sank 5 percent.

Edwards Lifesciences jumped 18 percent after the company’s new replacement heart valve met its goals in a clinical trial.

The Dow Jones industrial average edged down 25 points, or 0.2 percent, to 17,761 as of 11:45 a.m. Eastern time.

The Standard & Poor’s 500 index gave up four points, or 0.2 percent, to 2,068. The Nasdaq composite moved down 15 points, or 0.3 percent, to 4,899.

Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 1.77 percent.

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