Stocks declined on Monday, weighed down by Citigroup's disappointing earnings.
Citigroup (C | Quote | Chart | News | PowerRating) reported a 57% drop in third quarter profits, after writing down losses of $3 billion, related primarily to the credit crunch (read more).
Danaher (DHR | Quote | Chart | News | PowerRating) agreed to acquire Tektronix (TEK | Quote | Chart | News | PowerRating) for $2.8 billion, and revised its earnings outlook for Q3 (read more).
Biogen Idec (BIIB | Quote | Chart | News | PowerRating) shares are surging, up nearly 21%, after the company put itself up for sale (read more).
Primedia (PRM | Quote | Chart | News | PowerRating) is trading sharply lower after revising its 2007 full year outlook (read more).
Shares of Eaton (ETN | Quote | Chart | News | PowerRating) are also lower after the company reported third quarter profit rose by 4% but lowered full-year expectations (read more).
Medtronic (MDT | Quote | Chart | News | PowerRating) shares are falling after the company suspended distribution of its defibrillation leads, which may have led to the death five patients (read more).
Crude oil hit a record high today, climbing above $86 per barrel.
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Market Snapshot |
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Volume |
1,287,284,500 |
3,004,436,963 |
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Up Volume |
308,319,450 |
830,363,140 |
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Down Volume |
967,882,950 |
2,152,235,534 |
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Strongest/Weakest Industry Groups |
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