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Stock market up marginally after last week's rally

Stock market up marginally after last week's rally

The stock market nudged higher Monday after a handful of U.S. companies announced deals. Family Dollar's stock jumped following news that investor Carl Icahn has taken a stake in the company.

The Standard & Poor's 500 index was up five points, or 0.3 percent, to 1,955, shortly after noon.

The Dow Jones industrial average rose 40 points, or 0.2 percent, to 16,964, while the Nasdaq composite index rose 23 points, or 0.5 percent, to 4,345.

On Friday, the S&P 500 index notched another record high, its eighth in 10 trading days.

The market has been on a steady climb for three weeks running, pulling the S&P 500 up 4 percent in a month. Judging by some...