NEW YORK (AP) — Mining companies and news of several corporate deals were in focus Monday on an otherwise quiet day on the stock market.
Newmont Mining and Cliffs Natural Resources were among the biggest gainers in the Standard & Poor's 500 index after the price of gold and silver advanced. Gold rose for a fourth day on reports of increased demand from China. Silver gained the most in three weeks.
BlackBerry jumped after the struggling smartphone maker said it would consider putting itself up for sale. Dole Foods rose after its CEO said he would take the company private and Steinway Musical Instruments rose after receiving a new buyout offer.
Stocks had opened lower at the start of the week after logging their biggest weekly loss in almost two months. By late morning the losses had been pared but stocks remained marginally lower.
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