Stocks closed mostly higher Tuesday as traders got back to work after a long holiday weekend. Health care stocks rose more than the rest of the market after pharmaceutical company Actavis said it was buying rival Forest Laboratories for $25 billion in cash and stock. The Dow was held back by a decline in Coca-Cola, which reported disappointing fourth-quarter results.
The Dow Jones industrial average fell 23.99 points, or 0.2 percent, to 16,130.40.
The Standard & Poor’s 500 index rose 2.13 points, or 0.1 percent, to 1,840.76.
The Nasdaq composite added 28.76 points, or 0.7 percent, to 4,272.78.
For the year so far:
The Dow is down 446.26 points, or 2.7 percent.
The S&P 500 is down 7.60 points, or 0.4 percent.
The Nasdaq is up 96.19 points, or 2.3 percent.