US stocks manage meager gains on mostly quiet day

By The Associated Press

Published June 16, 2014 8:17pm ET

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US stocks manage meager gains on mostly quiet day — FILE - In this March 8, 2010, file photograph, a sign for Wall Street is shown near the New York Stock Exchange. World stock markets mostly declined Monday, June 16, 2014, as the turmoil in Iraq dampened sentiment and investors held back ahead of the Federal Reserve's monthly policy meeting later in the week. (AP Photo/Mark Lennihan, File) | Mark Lennihan

U.S. stocks are closing with meager gains as traders assess a round of corporate deals and a recent spike in oil prices brought on by the conflict in Iraq.

Covidien jumped 21 percent after the Ireland-based medical device manufacturer agreed to be bought by Medtronic. Williams Companies rose 19 percent after saying it would expand its stake in Access Midstream Partners.

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