NEW YORK—Wall Street ticked higher Monday ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by U.S. households.
The S&P 500 rose 12.20, or 0.3 percent, to 4,136.28, the latest tick higher in what’s been a listless weekslong run for the market. The Dow Jones Industrial Average added 47.98, or 0.1 percent, to 33,348.60, and the Nasdaq composite climbed 80.47, or 0.7 percent, to 12,365.21.
Some of the sharper moves came from companies announcing takeovers of rivals, including a 9.1 percent drop for energy company Oneok after it said it’s buying Magellan Midstream Partners. Magellan jumped 13 percent. But the larger market was relatively quiet as several concerns continue to drag on Wall Street….