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Quiet trading day followed by generally higher stocks on Wall Street

Financial Markets

Stocks closed mostly higher in quiet trading, with markets led by gains in consumer companies.

Media and hotel stocks rose on Monday, but energy companies lost ground as did oil companies.

Starwood and Marriott climbed as Chinese insurance company Anbang Insurance Group attempted to buy Starwood, again.

Avon Products jumped 8% as deal was struck with activist investors that appeared to head off a proxy fight.

Trading was closed in Europe for the Easter holiday. It was the slowest day for trading in U.S. markets so far this year.

The Dow Jones industrial average edged up 19 points, or 0.1%, to 17,535.

Standard & Poor’s 500 index inched up a point to 2,037. The NASDAQ composite slipped six points, or 0.1%, to 4,771.

Paul

The author Paul