Stocks end the day modestly higher – Los Angeles Times

This post was originally published on this site

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.


UPDATES:

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

This article was originally published at 8 a.m.