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U.S. Stocks Inch Upward as Small-Cap Shares Gain Amid Deals

U.S. stocks gained slightly this morning after the first back-to-back weekly losses since January for the Standard & Poorâ??s 500 Index, as small-cap shares advanced amid merger activity.

U.S. Stocks Inch Upward as Small-Cap Shares Gain Amid Deals (Bloomberg)

U.S. stocks gained slightly this morning after the first back-to-back weekly losses since January for the Standard & Poorâ??s 500 Index, as small-cap shares advanced amid merger activity. AT&T Inc. (NYSE: T) dropped 2 percent after agreeing to buy DirecTV, the largest U.S. satellite-TV company. Pfizer Inc. (NYSE: PFE) jumped 1.6 percent after AstraZeneca Plc (NYSE: AZN) rejected the drug makerâ??s $117 billion offer. Campbell Soup Co. lost 3.1 percent after lowering its sales forecast for the year. The S&P 500 gained 0.1 percent to 1,878.87 at 10:04 a.m. in New York. The Dow Jones Industrial Average dropped 20.93 points, or 0.1 percent, to 16,470.38. The Russell 2000 Index added 0.3 percent. Trading in S&P 500 companies was 13 percent below the 30-day average for this time of day.

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Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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U.S. Stocks Inch Upward as Small-Cap Shares Gain Amid Deals

U.S. Stocks Inch Upward as Small-Cap Shares Gain Amid Deals (Bloomberg)

U.S. stocks gained slightly this morning after the first back-to-back weekly losses since January for the Standard & Poor’s 500 Index, as small-cap shares advanced amid merger activity. AT&T Inc. (NYSE: T) dropped 2 percent after agreeing to buy DirecTV, the largest U.S. satellite-TV company. Pfizer Inc. (NYSE: PFE) jumped 1.6 percent after AstraZeneca Plc (NYSE: AZN) rejected the drug maker’s $117 billion offer. Campbell Soup Co. lost 3.1 percent after lowering its sales forecast for the year. The S&P 500 gained 0.1 percent to 1,878.87 at 10:04 a.m. in New York. The Dow Jones Industrial Average dropped 20.93 points, or 0.1 percent, to 16,470.38. The Russell 2000 Index added 0.3 percent. Trading in S&P 500 companies was 13 percent below the 30-day average for this time of day.

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