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Stocks edge higher, led by media companies and retailers
Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Monday, March 28, 2016. Stocks are edging mostly higher in the early going. Markets are generally quiet with trading closed across Europe for the Easter holiday. (AP Photo/Richard Drew)

Stocks edge higher, led by media companies and retailers

NEW YORK (AP) — Stocks closed mostly higher in quiet trading, led by gains in consumer companies.

Media stocks rose Monday, as did hotel companies, but energy companies lost ground along with the price of oil.

Starwood and Marriott climbed as Chinese insurance company Anbang Insurance Group made another effort to buy Starwood.

Avon Products jumped 8 percent after reaching a deal with activist investors that appeared to head off a proxy fight.

Markets were quiet. Trading was closed in Europe for the Easter holiday. It was the slowest day for trading in U.S. markets so far this year.

The Dow Jones industrial average edged up 19 points, or 0.1 percent, to 17,535.

Standard & Poor’s 500 index inched up a point to 2,037. The Nasdaq composite slipped six points, or 0.1 percent, to 4,771.

In related news, High supplies seen capping oil prices until early 2017.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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