May 13 (Bloomberg) — Stocks fluctuated, with the Standard & Poor's 500 Index near a record, amid corporate deals activity and data that showed retail sales rose less than forecast in April.
DirecTV jumped 1.7 percent after people familiar with the matter said AT&T Inc. has held advanced talks to acquire the company for about $50 billion. Keurig Green Mountain Inc. added 9.5 percent after Coca-Cola Co. boosted its stake in the company. Pfizer Inc. rose 0.4 percent after people familiar with the matter said the company may increase its bid for AstraZeneca Plc.
The S&P 500 advanced 0.1 percent to 1,898.42 at 10:01 a.m. in New York. The index earlier touched 1,900 for the first time. The Dow Jones Industrial Average increased 29.09 points, or 0.2 percent, to 16,718.33. The Nasdaq Composite Index slipped less than 0.1 percent, while the Russell 200 Index lost 0.2 percent.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
