NEW YORK (TheStreet) -- U.S. stocks fell for a third day Tuesday as U.S. fighter jets attacked strongholds of the Islamic State, Europe showed signs of economic weakness and the U.S. government announced tougher rules on corporate inversion deals.
The Dow Jones Industrial Average
A U.S. led coalition struck areas along the Syrian-Iraq border held by the Islamic State, and President Obama said a group that had been planning a U.S. attack, the Khorasan, was also hit, the New York Times reported. A closely-watched gauge for German manufacturing, the PMI, dropped to its lowest level since June 2013, while a services industry PMI for France, the region's second-largest economy, fell backwards after two months of growth.
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Watch the video below for a look at how U.S. markets are doing in midday trading Tuesday:
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Next week, investors will get the details of the new regulations announced by the Treasury Department that are designed to limit the ability of U.S. firms to seek refuge in lower tax countries. The details are expected to provide the hard data on how exactly the new rules could impact the M&A plans of U.S. companies going abroad, especially to Europe.