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Following the market opening Monday, the Dow traded down 0.83 percent to 14,947.93 while the NASDAQ declined 0.62 percent to 3,784.19. The S&P also fell, dropping 0.72 percent to 1,678.36.
Top Headline
Time Warner Cable
TWC agreed to acquire DukeNet Communications LLC for $600 million in cash.
The deal is likely to close in the first quarter of 2014.
Equities Trading UP
Outerwall
OUTR shot up 8.49 percent to $61.95 after Jana Partners LLC disclosed a major stake in the company.
Shares of Donegal Group
DGICB got a boost, shooting up 11.36 percent to $22.25 after Gregory Shepard offered $33-$37 per share for Donegal Group.
Apple
AAPL was also up, gaining 1.02 percent to $487.98 after Jefferies upgraded the stock from Hold to Buy and lifted its price target from $425 to $600.
Shares of Liquidity Services
LQDTLoading...
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were down 8.61 percent to $29.95 after Bank of America downgraded the stock from Buy to Underperform.
DryShips
DRYS shares tumbled 5.03 percent to $3.59. DryShips launched ATM equity offering with Evercore group.
Cooper Tire & Rubber Co
CTB was down, falling 11.62 percent to $26.08 on court filing.
Commodities
In commodity news,
oil traded down 1.27 percent to $102.52, while gold traded up 0.73 percent to $1,319.40.
Silver traded up 0.93 percent Monday to $21.96, while copper fell 0.74 percent to $3.28.
Euro zone
European shares
were lower today. The Spanish Ibex Index fell 0.74 percent, while Italy's FTSE MIB Index surged 0.10 percent. Meanwhile, the German DAX fell 0.87 percent and the French CAC 40 declined 0.68 percent while U.K. shares dropped 0.77 percent.
Economics
The Investor Movement Index for September will be released at 12:30 p.m. ET.
The Treasury is set to auction 3-and 6-month bills.
Data on consumer credit for August will be released at 3:00 p.m. ET.
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Posted In: EarningsNewsGuidanceEurozoneCommoditiesForexGlobalEcon #sEconomicsHotIntraday UpdateMarketsMoversTechInformation TechnologyInternet Software & Services
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