Stocks mixed after deal newsMarkets give back some opening gains as investors eye higher oil prices, gear up for busy week.NEW YORK (CNNMoney.com) -- Stocks were mixed Monday morning, as investors eyed news that TXU will be taken private in a $45 billion cash-and-debt deal that is the largest private equity buyout in history. The S&P 500 (up 5.00 to 1,456.19, Charts) index gained 0.2 percent in the early going, while the Dow Jones industrial average (up 26.04 to 12,673.52, Charts) was barely higher and the Nasdaq (up 3.83 to 2,518.93, Charts) composite was down 0.2 percent. Stocks fell Friday on worries about higher oil and gold prices and the subprime mortgage market. Such concerns remained in place Monday - particularly as oil prices bounced up above $61 a barrel. But the concerns were tempered by the latest round of deals news. TXU (up $7.33 to $67.35, Charts) agreed to a $45 billion cash and debt buyout led by two private equity firms and the private equity unit of investment bank Goldman Sachs. (Full story) In addition, Dow Chemical (up $3.18 to $46.62, Charts) rose on speculation that it will get a leveraged buyout bid too, and could be worth up to $54 billion, according to published reports. Treasury prices rose, lowering the yield on the benchmark 10-year note to 4.64 percent from 4.67 percent late Friday. Treasury prices and yields move in opposite directions. In currency trading, the dollar fell versus the euro and the yen. The next YouTube: 25 startups to watch |
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