Mid-Afternoon Market Update: Markets Sell off on Syrian Conflict Fears; 3D Systems Rises on Citi Report

Toward the end of trading Monday, the Dow traded down 0.25 percent to 14,970.92 while the NASDAQ rose 0.09 percent to 3,661.49. The S&P also fell, declining 0.24 percent to 1,659.80.

Amgen

announced its

Onyx Pharmaceuticals

for $10.4 billion. Under terms of the deal, Amgen will buy Onyx for $125 per share in cash. Amgen projects the deal to complete at the beginning of the fourth quarter.

Qihoo 360 Technology Co

shot up 7.90 percent to $78.86 after the company reported upbeat Q2 results. Shares of Magnum Hunter Resources

were up as well, gaining 7.35 percent to $4.7235 after the company announced a dividend in the form of warrants this morning that would entitle holders to purchase shares at $8.50 per share. 3D Systems

was also up, gaining 7.54 percent to $52.12 following a bullish report from Citigroup this morning that they expect 3D printing stocks to rally, and as such,

Shares of Tyson Foods

were down 7.08 percent to $29.25 after analysts at Bank of America downgraded the stock from Buy to Neutral. CNH Global NV

shares tumbled 4.12 percent to $47.74 after the company announced the resignation of its Chief Financial Officer Pablo Di Si. Microsoft

was down, falling 1.44 percent to $34.24. On Friday, the company reported that its CEO Ballmer will step down within the next 12 months. Nomura

rating on the stock.

In commodity news,

to $105.00, while gold traded up 0.04 percent to $1,397.00. Silver traded down 0.09 percent Monday to $24.05, while copper fell 0.83 percent to $3.33.

European shares

today. The Spanish Ibex Index dropped 0.42 percent, while Italy's FTSE MIB Index tumbled 2.10%. Meanwhile, the German DAX gained 0.22 percent and the French CAC 40 dropped 0.06 percent.

US durable-goods orders declined 7.3% in July, versus economists' expectations for a 4.9% fall. However, core durable-goods orders dropped 0.60% in the month. The Dallas Fed general business activity index rose to 5.00 in August, versus a prior reading of 4.40. However, economists were expecting a reading of 4.00.