Texarkana Gazette

FINANCIAL MARKETS

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NEW YORK—Stocks are closing lower on Wall Street with materials, technology and industrial companies among the hardest hit in a broad sell-off touching all market sectors.

Marathon Petroleum fell nearly 7 percent while Valero Energy and United Continenta­l Holdings both dropped more than 4 percent.

LinkedIn shares soared 47 percent and Microsoft fell 2.4 percent after the software giant agreed to buy the profession­al networking services firm for $26.2 billion. Symantec jumped more than 5 percent after saying it will buy security firm Blue Coat for $4.65 billion.

The Dow Jones industrial average fell 133 points, or 0.7 percent, to 17,732. The Standard & Poor’s 500 slid 17 points, or 0.8 percent, to 2,079. The Nasdaq composite fell 46 points or 0.9 percent to 4,848.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 percent.

Stocks are trading slightly lower on Wall Street with technology and consumer goods companies dropping the most.

Coca-Cola fell 1 percent, Apple is down 1.2 percent and Facebook lost more than 2 percent.

LinkedIn shares soared 47 percent and Microsoft fell 2.6 percent after the software giant agreed to buy the profession­al networking services firm for $26.2 billion. Symantec jumped nearly 7 percent after saying it will buy security firm Blue Coat for $4.65 billion.

The Dow Jones industrial average fell 74 points, or 0.4 percent, to 17,791. The Standard & Poor’s 500 slid 10 points, or 0.5 percent, to 2,085. The Nasdaq composite fell 38 points or 0.8 percent to 4,857.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 percent.

Stocks are opening slightly lower on Wall Street with technology and consumer goods companies dropping the most following big losses on Asian markets.

Coca-Cola fell nearly 1 percent, Apple is down 3 percent and Facebook lost 2 percent.

LinkedIn shares soared 48 percent and Microsoft fell 4 percent after the software giant agreed to buy the profession­al networking services firm for $26.2 billion.

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