Consumer goods firms lead US stocks slightly higher

FILE - This Tuesday, Oct. 25, 2016, file photo shows the New York Stock Exchange at sunset, in lower Manhattan. Global stocks fell Monday, Nov. 13, 2017, as investors became more cautious after several market indexes hit record highs in the past week. (AP Photo/Mary Altaffer, File)
FILE - This Tuesday, Oct. 25, 2016, file photo shows the New York Stock Exchange at sunset, in lower Manhattan. Global stocks fell Monday, Nov. 13, 2017, as investors became more cautious after several market indexes hit record highs in the past week. (AP Photo/Mary Altaffer, File)

By the Associated Press

The major U.S. stock indexes capped a day of mostly subdued trading with slight gains Monday.

Consumer and household goods companies led the market higher, offsetting losses by industrial and energy stocks.

A batch of corporate deal news also helped put investors in a buying mood. Mattel soared nearly 21 percent on a report that Hasbro offered to buy the rival toymaker.

The Standard & Poor’s 500 index rose 2.54 points, or 0.1 percent, to 2,584.84. The Dow Jones industrial average gained 17.49 points, or 0.1 percent, to 23,439.70. The Nasdaq composite added 6.66 points, or 0.1 percent, to 6,757.60.

The Russell 2000 index of smaller-company stocks dipped 0.21 points, or 0.01 percent, to 1,475.07. More stocks fell than rose on the New York Stock Exchange.

Bond prices were little changed. The yield on the 10-year Treasury note held at 2.40 percent.

The gains in consumer stocks and utilities, which also rose, suggest investors were looking for yield, said Lindsey Bell, investment strategist at CFRA Research. “They’re maybe showing a little bit of skepticism in the bull market that’s more than eight years old,” she said. “Maybe they’re feeling a little bit squeamish after last week.”

The stock market snapped an eight-week string of gains last week.