Stocks Waver at Start of Holiday Week as Honda and Nissan Discuss Merger

Stocks are wavering in the early going on Wall Street at the start of a holiday-shortened week. The S&P 500 edged up 0.2% in the first few minutes of trading Monday. The Dow Jones Industrial Average slipped 99 points, or 0.2%, and the Nasdaq composite was up 0.5%. Japanese automakers Honda Motor and Nissan Motor said they are talking about combining in a deal that might also include Mitsubishi Motors.

Eli Lilly rose after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Treasury yields held steady in the bond market. Wall Street pointed slightly lower early Monday, kicking off a holiday-shortened week with little market-moving news expected. Futures for the S&P 500 were down less than 0.1% before the bell Monday, while futures for the Dow Jones Industrial Average rose 0.2%. Japanese automakers Honda Motor Co. and Nissan Motor Corp. announced that they will work toward a possible merger that might also include Nissan’s smaller alliance partner Mitsubishi Motors Corp. Honda’s shares, which fell after news of the talks on a deal surfaced last week, jumped 16%. Nissan shares were down less than 1%. Eli Lilly rose nearly 2% after it announced that the Food and Drug Administration had approved its Zepbound drug as the first and only prescription medicine for adults with sleep apnea. Zepbound was already approved and on the market to treat obesity. The Container Store filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to 1978 grapples with mounting losses and cash flow shortages. The bankruptcy filing in Texas on Sunday came two weeks after shares of The Container Store Group Inc. were delisted by the New York Stock Exchang

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