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Amid an abortive deal between Sun Microsystems(JAVA Quote) and IBM(IBM Quote) and a broader market downturn, most tech stocks took a dive Monday.
After enjoying a run-up on rumors that it might be acquired, Sun shares fell back to earth Monday, losing 23 .3% to $6.51, after it was reported that IBM had withdrawn its offer for the firm. IBM shares, meanwhile, fell 0.7% to $101.47, as investors wondered what would come next.
Another of the day's biggest losers was Garmin(GRMN Quote), which fell 4.3% to $22.11 on seemingly no news whatsoever. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
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DOWN
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26.86
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