Loading…
Thursday, July 31, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 5/29/2014

Stocks edge higher after unemployment claims fall

Hillshire Brands soars after Tyson bid

ASSOCIATED PRESS

NEW YORK — Stocks are edging higher in midday trading as traders look over some mixed news on the U.S. economy.

The number of people applying for unemployment benefits sank last week. But the government also said the economy shrank at an annual rate of 1 percent in the first three months of the year.

The Standard & Poor’s 500 index rose three points, or 0.2 percent, to 1,913 as of noon today. The S&P 500 is at a record high.

The Dow Jones industrial average rose 17 points, or 0.1 percent, to 16,650. The Nasdaq composite rose 12 points, or 0.3 percent, to 4,237.

Hillshire Brands jumped 16 percent after Tyson Foods made an offer for the company, two days after a separate bid from poultry producer Pilgrim’s Pride.

RELATED ARTICLES:

Tyson makes rival $6.2B bid for Hillshire Farms

Applications for jobless aid near 7-year low



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories