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VOL. 40 | NO. 24 | Friday, June 10, 2016
US stocks close slightly lower
NEW YORK (AP) — 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.