Morning Movers: GlaxoSmithKline (NYSE: GSK)

  • 11 years ago
U.S. stocks edged higher on Monday, following Friday's weaker-than-expected employment report for August. In company news, GlaxoSmithKline (NYSE: GSK) is selling two drink brands to Suntory Beverage & Food, the distributor of PepsiCo Inc. (NYSE: PEP) products in Japan, in a $2.1 billion deal.Shares of GlaxoSmithKline edged down 0.52 percent to $51.40 in morning trading.The Dow hit 15,000 early in the session, while the Nasdaq 100 rallied to top its highest level since November 2000.The Dow Jones industrial average rose 84.94 points or 0.57 percent, to 15,007.44. The S&P 500 gained 8.29 points or 0.5 percent, to 1,663.41. The Nasdaq Composite added 21.43 points or 0.59 percent, to 3,682.03.