NEW YORK - Amazon's $13.4 billion deal for Whole Foods sent stocks of grocery stores, big retailers, and food makers and distributors plunging Friday. Energy companies rose while other stocks were little changed.
Thanks to a late gain, the Standard & Poor's 500 index inched up 0.69 points to 2,433.15. The Dow Jones industrial average added 24.38 points, or 0.1 percent, to a record high of 21,384.28. The Nasdaq composite fell 13.74 points, or 0.2 percent, to 6,151.76. The Russell 2000 index of smaller company stocks shed 3.36 points, or 0.2 percent, to 1,406.73.
Online juggernaut Amazon said it would pay $42 a share for Whole Foods. Whole Foods had been the target of sale rumors for about two months, and investors appeared to wonder Friday if another bidder might step in. Its stock jumped $9.62, or 29.1 percent, to a two-year high of $42.68. Amazon climbed $23.54, or 2.4 percent, to $987.71.
Costco took its biggest loss in almost six years as it sank $12.95, or 7.2 percent, to $167.11. Target tumbled $2.85, or 5.1 percent, to $52.61.
Supermarkets and grocery stores also had plunged Thursday after Kroger cut its annual forecast. Kroger, which plunged 19 percent a day ago, lost $2.27, or 9.2 percent, and hit a three-year low of $22.29. Sprouts Farmers Market skidded $1.41, or 6.3 percent, to $21.01.
Campbell Soup fell $1.91, or 3.4 percent, to $55.05, and General Mills dipped $1.73, or 2.9 percent, to $57.10. United Natural Foods dropped $4.36, or 11 percent, to $35.39.
Benchmark U.S. crude rose 28 cents to $44.74 a barrel in New York. Brent crude, used to price international oils, climbed 45 cents, or 1 percent, to $47.37 a barrel in London.
Wholesale gasoline rose 2 cents to $1.45 a gallon. Heating oil added 1 cent to $1.43 a gallon. Natural gas dipped to 2 cents to $3.04 per 1,000 cubic feet.
Gold rose $1.90 to $1,256.50 an ounce. Silver slipped 6 cents to $16.66 an ounce. Copper stayed at $2.56 a pound.
The dollar edged up to 110.84 yen from 110.79 yen. The euro rose to $1.1195 from $1.1155.