Stocks end the day modestly higher – Los Angeles Times

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U.S. stock indexes closed modestly higher Monday as gains for consumer and household goods companies were partly offset by losses in the industrial and energy sectors.

Mattel soared 21% on a report that Hasbro offered to buy the rival toy maker.

General Electric slumped 7% after cutting its dividend and releasing a weak forecast for next year.

The Standard & Poor’s 500 index rose 2 points, or 0.1%, to 2,584.

The Dow Jones industrial average rose 17 points, or 0.1%, to 23,439. The Nasdaq composite index rose 6 points, or 0.1%, to 6,757.

Small-company stocks closed slightly lower.

The stock market snapped an eight-week string of gains last week.


1:15 p.m.: This article was updated with the close of markets.

This article was originally published at 8 a.m.