Stocks start mixed on first full week of 2014
NEW YORK (AP) — Stocks are getting off to a mixed start on the first full week of trading of the year.
The Dow Jones industrial average fell a point at 16,467 in the first few minutes of trading Monday.
The Standard & Poor’s 500 index was flat at 1,831. The Nasdaq composite was down 12 points, or 0.3 percent, at 4,119.
Several stocks were moving on deal news.
Jos. A. Bank Clothiers rose 4 percent after Men’s Wearhouse said it was making a hostile takeover bid for the company.
Sirius XM Holdings jumped 7 percent following news that Liberty Media wants to acquire full ownership of the satellite radio broadcaster.
Trading was subdued last week with many investors out on vacation.
Later Monday the Commerce Department will report on factory orders for November.