Stocks Close Slightly Higher

NEW YORK (August 11, 2014) Stocks closed slightly higher Monday as investors turned their focus to corporate news and as tensions eased in Ukraine.

Priceline rose 2 percent after the online discounter reported better earnings than analysts were expecting while Chiquita Brands soared 30 percent on a buyout offer and Kinder Morgan rose 9 percent after announcing it would consolidate a group of oil and gas pipeline and storage companies it controls.

The Standard & Poor's 500 index rose five points, or 0.3 percent, to close at 1,936 Monday.

The Dow Jones industrial average rose 16 points, or 0.1 percent, to end at 16,569.

The Nasdaq composite rose 30 points, or 0.7 percent, to close at 4,401.

Bond prices barely budged.

The yield on the 10-year Treasury note held steady at 2.42 percent.


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