Stocks edge lower as busy week for markets begins

AP News
Posted: Jul 29, 2013 9:51 AM
Stocks edge lower as busy week for markets begins

NEW YORK (AP) — Stocks are edging mostly lower in early trading on Wall Street as a busy week for financial markets gets underway.

The Dow Jones industrial average fell 25 points, or 0.1 percent, to 15,535 in the first few minutes of trading Monday.

The Standard & Poor's 500 index was down two points, also 0.1 percent, at 1,689.

The Nasdaq composite was flat at 3,613.

Omnicom Group jumped 7 percent to $69.96 after agreeing to combine with France's Publicis Groupe to create the world's largest advertising company.

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Saks rose 3 percent to $15.83 after announcing a deal to be acquired by the parent company of Lord & Taylor for $2.4 billion.

There's lots of news for investors this week, including a Federal Reserve meeting and the government's employment report.