News

S&P 500 index manages a tiny gain, enough to set a record high; DreamWorks Animation sinks

Major U.S. indexes managed to close marginally higher, setting another high for the Standard & Poor’s 500 index.

Energy stocks fell as the price of crude oil resumed its slide.

The S&P 500 edged up a point to 2,041 Monday. The Dow Jones industrial average rose 13 points, or 0.1 per cent, to 17,647.

The Nasdaq composite bucked the trend, giving up 17 points, or 0.4 per cent, to 4,671.

In Japan, the Nikkei index sank 3 per cent following news that the country unexpectedly slid into recession.

The price of oil fell 18 cents to $75.31 a barrel in New York.

DreamWorks Animation plunged 14 per cent following a report that talks with Hasbro about a deal had ended.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 per cent.