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Stocks Close Lower; Apple Supplier Drops 92% After Filing Bankruptcy

Despite opening higher, stocks edged lower Monday. Investors are cautious ahead of earnings season kicking off later this week.

Despite opening higher, stocks edged lower Monday. Investors are cautious ahead of earnings season kicking off later this week. Hewlett-Packard (HPQ) still rallied after saying it would split into two publicly traded companies. Tesla (TSLA) drove more than 2% higher following reports the electric carmaker will introduce new features in its Model S. Samsung's plans to build a giant new chip factory took down shares of some chipmakers including Micron Technology (MU) and SanDisk (SNDK). GT Advanced Technologies (GTAT) is now worth less than a dollar. The Apple (AAPL) supplier sank more than 90% after filing for bankruptcy.

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