The stock market drifted to a higher finish on Monday. With no major new economic data to chew on, investors focused on a batch of news on corporate deals, including AT&T’s proposed takeover of satellite TV provider DirecTV; the latest development in Pfizer’s bid to acquire rival drugmaker AstraZeneca and Abbott Laboratories’ proposed acquisition of CFR Pharmaceuticals.
The Dow Jones industrial average rose 20.55 points, or 0.1 percent, to 16,511.86.
The Standard & Poor’s 500 index gained 7.22 points, or 0.4 percent, to 1,885.08.
The Nasdaq composite added 35.23 points, or 0.9 percent, to 4,125.82.
For the year:
The Dow is down 64.80 points, or 0.4 percent.
The S&P 500 index is up 36.72 points, or 2 percent.
The Nasdaq is down 50.77 points, or 1.2 percent