US stocks open little changed
NEW YORK (AP) — The U.S. stock market is little changed in early trading following a tough January.
The Dow Jones industrial average edged up six points to 15,704 about 10 minutes after the market opened Monday. The Standard & Poor’s 500 index rose two points to 1,784 and the Nasdaq gained nine points to 4,113.
Concerns about the global economy and U.S. company earnings, as well as emerging markets, led the Dow to its worst start since 2009 last month. The index slid 5.3 percent in January.
Jos. A Bank Clothiers fell $2.27, or nearly 4 percent, to $53.95 on continued doubts that a takeover bid by rival clothier Men’s Wearhouse would go through. The two retailers have been dueling since October when Jos. A. Bank offered $2.3 billion for Men’s Wearhouse.