NEW YORK -- The stock market is back at a record high after a big acquisition in the food industry and as traders hope that a budget deal could be reached in Washington.
Sysco, a major food distributor, rose the most in the Standard & Poor's 500 index Monday after it announced an agreement to buy rival US Foods for $8.2 billion.
Stocks extended a rally from Friday that was driven by a report of solid U.S. job gains last month.
The S&P; 500 index edged up three points, or 0.2 percent, to 1,808. That was a point higher than the previous record high it set on Nov. 27.
The Dow Jones industrial average gained five points, or 0.03 percent, to 16,025. The Nasdaq composite rose six points, or 0.2 percent, to 4,068.
(Copyright ©2013 by The Associated Press. All Rights Reserved.)
economy, wall street, stocks, business
blog comments powered by Disqus
Advertisement
- Bipartisan negotiators reach modest budget pact
- Shooting sends 2 deputies, suspect to hospital
- All-clear given after gas line fire in Oakland
- Freeze Warning issued for parts of Bay Area tonight 4 min ago
- World leaders, South Africans honor Mandela
- Box labeled 'radioactive' was stolen from Walnut Creek
- Possible human remains found at Lake Sonoma
- San Jose council names Esquivel new police chief
- Boy suspended for kissing classmate's hand 46 min ago
- KXTV: 8 hurt when SUV crashes into Folsom...
- AP source: A's trade LHP Brett Anderson to Rockies
- Winter Spare the Air called through Wednesday
- roundup: Oakland fire; Asiana crash hearing
- weather: Bay Area weather forecast for Wednesday
2.
- Freeze Warning issued for parts of Bay Area...
4 min ago
-
Most Popular
-
Most Viewed StoriesMost Viewed Photos
Advertisement
- abc7news.com home
- Site Map
- RSS
- Advertise with Us
- Contact Us
- Online Public Inspection File
- Technical Help
- ABC.com
- ABCNews.com
- Privacy Policy
- Interest-Based Ads
- Safety Information for this site
- Terms of Use
- Updated Terms of Use
- Copyright ©2013 ABC Inc., KGO-TV San Francisco, CA. All Rights Reserved.