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.