US stocks closed slightly higher yesterday, supported by a flurry of merger news, but turmoil in
Energy stocks were the day's winners, with the S&P energy index up 0.5 per cent. The S&P financial sector index was the biggest decliner, down 0.4 per cent.
"It's a further indication that this is not a market that will just plunge on geopolitical issues."
On the merger front, medical device maker
The Dow Jones industrial average rose 5.27 points or 0.03 per cent, to end at 16,781.01. The S&P 500 gained 1.62 points or 0.08 per cent, to 1,937.78. The Nasdaq Composite added 10.45 points or 0.24 per cent, to 4,321.11.
Economic data was positive. Manufacturing output rose in May and factory activity in
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