Losses extended at midday

The markets extended its losses during the midday with the Dow falling 69 points to 17,796 as crude oil prices slipped. Nasdaq dropped 34 points to 4,860.


On the upside


The Sunday Times reported that Rio Tinto (NYSE: RIO) was exploring the option of taking Turquoise Hill (NYSE: TRQ) private.


Microsoft's (Nasdaq: MSFT) 426.2 billion acquisition of LinkedIn (NYSE: LNKD) sparked speculation that Twitter (NYSE: TWTR) may be acquired.

Symantec (Nasdaq: SYMC) will pay approximately $4.6 billion in cash to acquire Blue Coat Systems.


On the downside


Shares of Petrobras (NYSE: PBR) fell after rival Ultrapar Participacoes (NYSE: UGP) announced plans to acquire Alesat Combustveis.


Raymond James downgraded OraSure Technologies (Nasdaq: OSUR) from an Outperform rating to a Market Perform rating.


An independent data monitoring committee recommended that Argos Therapeutics (Nasdaq: ARGS) continue its Phase 3 ADAPT clinical trial of AGS-003 to treat metastatic renal cell carcinoma but the stock price dropped.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 2,085. Bitcoin leaped $30 to $683.

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