Mixed performance for US stocks

Stocks were mixed today with blue chip and tech shares rising only modestly despite lower oil prices and several mergers and acquisitions, including Wm. Wrigley Jr. Co.’s 1.5 billion dollar bid for several candy brands from Kraft Foods Inc.

Mixed performance for US stocks
Mon, 15 Nov, 2004 - 21:55

Stocks were mixed today with blue chip and tech shares rising only modestly despite lower oil prices and several mergers and acquisitions, including Wm. Wrigley Jr. Co.’s 1.5 billion dollar bid for several candy brands from Kraft Foods Inc.

The pullback in energy prices and pick-up in M&A activity were encouraging to analysts, who were not distressed by the day’s lacklustre trading.

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