Stocks Little Changed at Open
NEW YORK (AP) _ Investors will have to drink in a few corporate deals to begin the trading week, all of them with a cross-Atlantic flavor.
Stock prices have opened little changed this morning. The Dow Jones industrial average is up 3 points in today’s early going. Advancing and declining issues are evenly split on the New York Stock Exchange.
The Nasdaq composite index is ahead 6 points and the Standard & Poor’s 500 stock index is up fractionally.
Britain’s Cadbury Schweppes is buying Triarc’s Snapple business.
Germany’s Dresdner Bank is purchasing the Wall Street firm Wasserstein Perella.
And British Telecom confirms it’s holding discussions with AT&T.
The flurry of activity in the corporate sector is helping the market forget about last week’s worries, if only temporarily.
Stocks struggled throughout the week, on concerns about higher oil prices and fears of weak corporate earnings.
Stocks have been uniformly lower in overseas trading today.