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Stocks up at opening
Wall Street opened higher this morning to kick off a week that's light on market-moving economic data, unlike last week.
In the first 15 minutes of trading, the Dow is up eight-tenths of 1 percent.
The broader S&P 500 is up nearly 1 percent and the tech-heavy Nasdaq is up more than 1 percent.
In other news this morning, English candy maker Cadbury rebuffed a second hostile takeover bid from American food giant Kraft, saying the offer "does not come remotely close to reflecting the true value of our company."
Kraft wants Cadbury so badly, it has taken the bid straight to Cadbury shareholders, hoping they will vote for it over the objections of the Cadbury board.
Also, McDonald's said October same-store sales in the U.S. ticked down for the first time in 6 1/2 years, but that was more than offset by continued growth overseas.
-- Frank Ahrens
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By
Frank Ahrens
|
November 9, 2009; 9:52 AM ET
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