NEW YORK — Stocks are breaking records again Tuesday as the market resumed its climb after a holiday break. Energy companies are rising with the price of oil. Consumer goods giant Kraft Heinz is falling after it withdrew a $143 billion offer for competition Unilever, but several other food and household goods makers are rising as investors bet Kraft will make an offer for one of those companies instead.
KEEPING SCORE: The Dow Jones industrial average climbed 62 points, or 0.3
U.S. markets were closed Monday for the Presidents Day holiday.
LET'S CALL THE WHOLE THING OFF: Kraft Heinz and Unilever both slumped after Kraft withdrew a $143 billion offer to buy its rival. Unilever said the offer was too low and the companies said Sunday that Kraft Heinz was giving up its effort. Kraft owns brands including Oscar Mayer, Jell-O and Velveeta while Unilever sells products such as Hellman's, Lipton and Knorr. Kraft Heinz gave up $3.23, or 3.3
LOOKING FOR LOVE: Big packaged food companies have been trying hard to cut costs and find new markets, and analysts and investors think Kraft Heinz is still interested in buying another food or consumer goods company. Those included cereal makers Kellogg, which added $1.21, or 1.7
Jam maker J.M. Smucker added $6.19, or 4.6
ENERGY: Benchmark U.S. crude oil jumped $1, or 1.9
Hess gained $1.34, or 2.6
CRAVING SOME CHICKEN: Restaurant Brands International, the company that owns the Burger King and Tim Hortons brands, agreed to buy Popeyes Louisiana Kitchen for $1.8 billion. Shares of Popeyes jumped from about $66 to $70 and then fell back again last week as reports about the deal swirled. Restaurant Brands agreed to pay $79 a share, and Popeyes climbed $12.69, or 19.2
AMAZON WHO? Wal-Mart jumped $2.10, or 3
Online rival Amazon continued to set record highs as it rose $11.77, or 1.4
TUNE IN: Scripps Networks, the parent of Food Network, Travel Channel and HGTV, climbed after it reported better ratings and stronger ad sales. Its stock gained $5.63, or 7.4
BONDS: Bond prices were little changed. The yield on the 10-year Treasury note remained at 2.42
CURRENCY: The dollar rose to 113.54 yen from 112.93 yen late Friday. The euro sank to $1.0543 from $1.0607.
OVERSEAS: After a survey showed the economy of the 19-country Eurozone is growing at its fastest pace in almost six years, Germany's DAX advanced 1.3
AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP His work can be found at http://bigstory.ap.org/journalist/marley-jay