Stock market today: Wall Street holds steady ahead of retail sales data

NEW YORK (AP) — Wall Street is drifting ahead of a week that will show how much a slowing economy and other worries are hitting the backbone of the U.S. economy: spending by households. The S&P 500 was hoverering around breakeven early Monday in its first trading after closing out a second straight down week. The Dow Jones Industrial Average also little changed while the Nasdaq composite was up 0.1%. Some of the sharper moves came from companies announcing takeovers of rivals, including an 8% drop for energy company Oneok after it said it’s buying Magellan Midstream Partners. Magellan jumped 14%.