Consumer goods companies lead US stocks slightly higher

iStock/Thinkstock
iStock/Thinkstock

(NEW YORK) — Wall Street closed slightly higher on Monday, but uncertainty over tax reform and tumbling General Electric shares weighed on stocks.

The Dow Jones Industrial Average gained 17.49 (+0.07 percent) to finish at 23,439.70.

The Nasdaq jumped 6.66 (+0.10 percent) to close at 6,757.60, while the S&P 500 finished at 2,584.84, up 2.54 (+0.10 percent) from its open.

Crude oil prices were flat and under $57 per barrel.

Winners and Losers:  Shares of General Electric sunk 7.17 percent when it announced it would cut its quarterly dividend by half.

After reporting better-than-expected quarterly earnings last week, Roku’s stock skyrocketed 28.45 percent on news of a Black Friday deal with AT&T’s DIRECTV.

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