Stock Indexes Close Modestly Higher

Dow ends day up 17
By Newser Editors and Wire Services
Posted Nov 13, 2017 3:11 PM CST
Trader Peter Tuchman works on the floor of the New York Stock Exchange, Thursday, Nov. 9, 2017.   (AP Photo/Richard Drew)

(Newser) – Stock indexes closed modestly higher as gains for consumer and household goods companies were partly offset by losses in industrial and energy stocks, the AP reports. Mattel soared 21% Monday on a report that Hasbro offered to buy the rival toymaker. 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 gained 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. (Read more stock market stories.)

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