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New week, new rallyStocks edge higher as investors look to extend gains but volatile climate could keep things turbulent on Wall Street.NEW YORK (CNNMoney.com) -- Stocks ticked up in early trade Monday as Wall Street mulled corporate news from the aircraft and mining sectors, lower oil and gains in overseas markets. The Dow, Nasdaq and S&P 500 all edged higher, trying to extend three sessions of straight gains. In major corporate news, mining group BHP Billiton is reconsidering a takeover bid for aluminum producer Alcoa (Charts, Fortune 500), the Times of London reported. Boeing (Charts, Fortune 500) and Airbus are finding support at the Paris Air Show. Airlines placing orders for Airbus jets include US Airways (Charts, Fortune 500), which signed a deal with EADS, parent company of Airbus, valued at $8 billion while GE has placed an order for 6 Boeing 777 jets worth about $1.42 billion. Oil prices fell 15 cents to 67.85 a barrel in early trade Monday. |
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