S&P 500 touches 1,900 for first time

5/13/2014

NEW YORK — The Standard & Poor’s 500 index crossed 1,900 for the first time today as investors get a lift from corporate deal news.

The S&P 500 edged up less than a point to 1,897 just before noon. It had climbed as high as 1,902 in early trading. The Dow Jones industrial average rose 17 points, or 0.1 percent, to 16,714. The Nasdaq fell nine points, or 0.2 percent, to 4,134.

Keurig Green Mountain surged $10.80, or 10 percent, to $121.51 after Coca-Cola raised its stake in the coffee company.

Valeant Pharmaceuticals said it will improve its bid to acquire Botox maker Allergan, a day after its previous offer was rejected.

Five of the 10 sectors in the S&P 500 rose, led by consumer staples companies.