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Markets Right Now: Stocks are off to a mixed start
NEW YORK – The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are getting off to a mostly higher start on Wall Street as the market comes off two weeks of gains.
Internet companies and retailers were up more than other sectors in early trading Monday. Facebook added 2% and CarMax rose 1.6%
Several companies were making big moves on deal news.
Array BioPharma jumped 58% after agreeing to be bought by Pfizer, and auction house Sotheby’s soared 57% after announcing a deal to be acquired by Patrick Drahi, a business executive and art collector.
The S&P 500 index rose 2 points, or 0.1%, to 2,888.
The Dow Jones Industrial Average slipped 21 points, or 0.1%, to 26,069. The Nasdaq rose 29 points, or 0.4%, to 7,826.
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