Market Update
Major Averages Close Lower After Trading Down All Day
(Updated from 3:42 p.m. EDT)
Blue-chips and tech stocks closed lower today, but the major averages came off their session lows. The Dow
lost 15 points, or 0.21%, to 10,401.72. The Nasdaq
shed 11 points, or 0.6%, to 2017.82, and the S&P 500
slipped 1.30 points, or 0.1%, to 1204.52. Heller Financial(HF) jumped $17.09, or 47.6%, to $52.99 on the news that General Electric(GE) agreed to purchase the company for $5.3 billion. GE is offering $53.75 for each Heller share. General Electric lost $1.05, or 2.4%, to $43.60. Motorola(Motorola) saw some robust activity, gaining 3 cents, or 0.16%, to $19.03. Advanced Micro Devices(AMD) was also among the most active stocks, and climbed 53 cents, or 3%, to $18.21. Aviron's(AVIR) shares were roughed up after a Food and Drug Administration panel on Friday voted against recommending approval for its FluMist nasal spray vaccine. Shares of Aviron dropped $13.43, or 32.9%, to $27.37. The 10-year benchmark Treasury note was recently up 2/32 to 99 11/32, yielding 5.087%. In currency action, the dollar was stronger against the yen and the euro. In overseas activity, London's FTSE 100 traded up 25 points, or 0.48%, to 5429, with technology stocks serving as the catalyst. In Japan, the Nikkei 225 traded down 218 points, or 1.85%, to 11,579 as weekend elections failed to stabilize the index. In Hong Kong, the Hang Seng fell 95 points, or 0.78%, to 12,086.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |


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