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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 djia lost 15 points, or 0.21%, to 10,401.72. The Nasdaq nasdaq shed 11 points, or 0.6%, to 2017.82, and the S&P 500 s&p500 slipped 1.30 points, or 0.1%, to 1204.52.

Heller Financial(HF Quote) jumped $17.09, or 47.6%, to $52.99 on the news that General Electric(GE Quote) 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 Quote) saw some robust activity, gaining 3 cents, or 0.16%, to $19.03. Advanced Micro Devices(AMD Quote) was also among the most active stocks, and climbed 53 cents, or 3%, to $18.21. ...

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