Stocks Finish Mixed in Slow Session
Google (GOOG) shares finished down 1.4% amid concerns taht the company may have to relinquish certain features related to its Android smartphone operating system to avoid violating Apple patents.
Technology and conglomerates were the strongest sectors in the broad market while consumer cyclicals, transportation and basic materials were the weakest.
Volume remained light with 2.46 billion shares in play on the New York Stock Exchange and 1.38 billion changing hands on the Nasdaq.
The DAX in Germany finished up 1.1% and the FTSE in London was closed for a holiday.The Hong Kong Hang Seng index finished down 0.41% and the Nikkei in Japan closed up 0.16%. October crude oil futures fell 68 cents to settle at $95.47 a barrel and December gold futures were rose $2.70 to settle at $1,675.60 an ounce. The benchmark 10-year Treasury rose 12/32, diluting the yield to 1.652%. The greenback was up 0.09%, according to the dollar index. In corporate news, it was a fairly busy merger Monday as M&T Bank (MTB) agreed to acquire Hudson City Bancorp (HCBK - Get Report) of Paramus, N.J., for roughly $3.7 billion. Hudson City Bancorp shares were jumping more than 16% and M&T shares were advancing nearly 5%. In addition, car rental giant Hertz Global (HTZ - Get Report) reached a deal to snap up smaller rival Dollar Thrifty (DTG) for about $2.3 billion.
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