Dow Drops 133 Amid Broad Sell-Off

But LinkedIn shares skyrocket 47%
By Newser Editors and Wire Services
Posted Jun 13, 2016 3:22 PM CDT
Dow Drops 133 Amid Broad Sell-Off
Specialist Philip Finale, right, directs trading in LinkedIn on the floor of the New York Stock Exchange, Monday, June 13, 2016.   (AP Photo/Richard Drew)

Wall Street stocks closed lower on Monday with materials, technology, and industrial companies among the hardest hit in a broad sell-off touching all market sectors, the AP reports. Marathon Petroleum fell nearly 7% while Valero Energy and United Continental Holdings both dropped more than 4%. LinkedIn shares soared 47% and Microsoft fell 2.4% after the software giant agreed to buy the professional networking services firm for $26.2 billion. Symantec jumped more than 5% after saying it will buy security firm Blue Coat for $4.65 billion. The Dow Jones industrial average fell 133 points, or 0.7%, to 17,732. The Standard & Poor's 500 slid 17 points, or 0.8%, to 2,079. The Nasdaq composite fell 46 points or 0.9% to 4,848. Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 percent. (Read more Wall Street stories.)

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