Stocks gave up their winning ways today, falling across the board. Energy shares led the decline when larger than estimated oil reserves depressed prices. Hewlett-Packard's multi-billion dollar move to takeover 3Com did little to stem the selling. The U.S. dollar continued to gain strength against a basket of currencies further depressing the stock market. The DJIA sunk -93.79 to 10197.47, the tech heavy Nasdaq gave up -17.88 to 2149.02 and the broad based S&P 500 slipped -11.27 to1087.24.
3Com ( COMS | Quote | Chart | News | PowerRating): Surged 31.11% or $1.77 to $7.46/share after Hewlett-Packard bid for a takeover.
Wal-Mart ( WMT | Quote | Chart | News | PowerRating): Climbed 0.51% or 27 cents to $53.24/share upon beating third quarter profit estimates.
Dow Chemical ( DOW | Quote | Chart | News | PowerRating): Advanced 7.08% or $1.89 to $28.60/share upon saying positive words about its Rohm Haas acquisition and cost cutting measures.
Playboy ( PLA | Quote | Chart | News | PowerRating): Shares jumped higher by 42.31% or $1.21 to $4.07/share after word that it may sell itself soon to Iconix Brand.
Gold fell $8.00 to $1106.60, oil dropped $2.34 to $76.70 and the VIX index pushed higher by 5.21% to 24.24.
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