The Dow Jones Industrial Average saw muted opening trade on Monday as investors digested a proposal by chip-maker Broadcom for rival Qualcomm and crude-oil prices nearing a 2-year high. The Dow Jones Industrial Average was trading up less than 0.1% at 23,542, still sufficient to represent a new all-time high, the S&P 500 index was up less than 1 point, or 0.1%, at 2,588, near an intraday record at 2,588.39. Meanwhile, the Nasdaq Composite Index was advancing fractionally, gaining less than 0.1%, at 6,774, but moves for the technology-laden benchmark were enough to carve out an intraday high at 6,774.69. Qualcomm Inc. shares rose after Broadcom Ltd. announced an unsolicited proposal to buy it, valued at $130 billion, including $25 billion in debt. Meanwhile, crude-oil prices were up $55.69 a barrel, as investors watched news of a purge in Saudi Arabian royals and ministers.
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