, shares of
(LOW - Get Report)
closed down 5.8% after the home-improvement retailer posted second-quarter earnings of 64 cents a share on revenue of $14.25 billion, missing Wall Street's consensus on both the top and bottom lines.
was also in focus after the Minneapolis-based consumer electronics retailer named named Hubert Joly as its chief executive officer following a busy weekend of jousting with founder Richard Schulze regarding his efforts to take the company private. Joly previously served as CEO of hospitality and restaurant giant
, whose businesses include the restaurant chain TGI Friday's. The stock lost 10.4%.
was in the insurance space as
agreed to purchase
Coventry Health Care
( CVH )
in a transaction valued at $7.3 billion, including the assumption of debt. The deal valued Coventry shares at $42.08 in cash and Aetna stock as of Friday's close, a 20% premium. Aetna shares finished up 5.6%, while Coventry's stock jumped 20.3%.
October crude oil futures fell 6 cents to settle at $96.26 a barrel, while December gold futures rose $3.60 to settle at $1622.60 an ounce.
The benchmark 10-year Treasury was rising 2/32, diluting the yield to 1.814%. The greenback was off 0.12%, according to the
-- Written by Andrea Tse in New York.
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