Agence France-PresseMay 20, 2013 10:15
Yahoo!'s $1.1 billion deal to take over blogging platform Tumblr gave a lift to the Nasdaq Monday but overall stocks opened the week mixed.
About 45 minutes into trade, the Dow Jones Industrial Average was down 7.76 points (0.05 percent) at 15,346.64.
The tech-rich Nasdaq Composite Index rose 5.87 (0.17 percent) to 3,504.84 and the broad-market S&P 500 edged up 0.89 (0.05 percent) to 1,668.36.
In the absence of major economic releases, "M&A news is dominating the headlines," Charles Schwab & Co. said.