U.S. stocks opened near unchanged Monday, ahead of data on pending home sales. The Dow Jones Industrial Average lately rose 2.98 points, or 0.02%, to 16,481.39. The S&P 500 was off 1.29 point, or 0.07%, to 1,840.11. The Nasdaq Composite slipped 13.32 points, or 0.32% to 4,143.24.
Manufacturers likely ended 2013 by posting a seventh month of growth, which probably will help fuel a pickup in the broad economy and hiring in the new year, economists say.
Blackstone Group LP is pumping $200 million into the footwear company in the form of a preferred stock investment, said Crocs Chief Financial Officer Jeff Lasher.
Wells Fargo & Co. on Monday reached a $591 million deal with Fannie Mae to settle claims that it sold defective mortgages to the government-controlled home-loan financier.
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