Economics
U.S. Stocks Little Changed; S&P 500 at Record Amid Deals
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U.S. stocks were little changed, with the Standard & Poor’s Index 500 Index at an all-time high, as a slump in small-cap shares and concern over Japan’s recession offset corporate deals.
Allergan Inc. rose 5.3 percent after Actavis Plc agreed to pay about $66 billion for the maker of Botox. Baker Hughes Inc. jumped 8.9 percent after agreeing to sell itself to Halliburton Co. for $34.6 billion. DreamWorks Animation SKG Inc. slipped 14 percent after Hasbro Inc.’s approach to acquire the studio was said to have ended without agreement.