Apple & Starbucks Lower Amid European Probe, TIBCO Sharply Higher

Stocks were off their lows in midday trading on Monday after the Dow Jones Industrial opened down triple digits. The major markets fell across the board. The Nasdaq was briefly in positive territory erasing losses. Shares of TIBCO Software (TIBX) are helping the Nasdaq. The stock is up about 20% on news the company will be selling itself to private equity firm Vista Equity Partners for $3.98 billion. Pending home sales dropped in August by 1%. Expectations were for contracts signed to buy existing homes to remain unchanged from the previous month. Apple (AAPL) and Starbucks (SBUX) are trading lower as they face regulators from the European Union. Both companies could be forced to pay billions of dollars if found guilty of illegal tax breaks.