US indexes edge higher; Small-company stocks shine
NEW YORK (AP) — Stock indexes are ending with slight gains as investors found plenty to like in housing, steel and transportation stocks.
Homebuilders rose after a big merger in the industry, and steel stocks gained after an upgrade from Goldman Sachs. Small-company stocks and transportation companies also moved higher.
The Dow Jones industrial average rose 23 points, or 0.2 percent, to 15,639 Monday.
Other market indicators rose more.
The Standard & Poor’s 500 rose six points, or 0.4 percent, to 1,767. The Nasdaq composite rose 14 points, or 0.4 percent, to 3,936.
The Russell 2000 of small-company stocks and an index of transportation stocks jumped 1 percent each.
Sysco, a food distributor, and Vulcan Materials rose after reporting earnings that beat analysts’ estimates. BlackBerry plunged after giving up trying to find a buyer.