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what the heck,,,so many good news , yet dow follow Shanghai ,..how can a big guy follow this SSE..
but i see dow close a few ten pts down...
Stocks tumble despite deals
Wall Street opens lower as investors look past a pair of corporate buyouts to focus on a big selloff overseas.
NEW YORK (CNNMoney.com) -- Stocks followed global markets sharply lower Monday despite some deal activity, including an announcement by Disney that it agreed to acquire Marvel Entertainment.
The Dow Jones industrial average (INDU) was down about 89 points, or 0.9%, after falling more than 100 points shortly after the opening bell. The S&P 500 (SPX) index lost 1.2% and the Nasdaq composite (COMP) slid 1.3%.
Stocks closed mixed Friday. The Dow and S&P both ended lower, while the Nasdaq gained 1 point to its highest level since early October.
Investors are bracing for a possible pullback in September, which is historically a bad month for stocks, on the back of a surprisingly strong summer advance.
Between the March 9 lows and Friday's close, the S&P 500 gained 52%.
World markets: The mood in global markets was downbeat Monday, with world stock indexes falling after Shanghai stocks sank 6% to a three-month low on worries about bank lending.
Elsewhere in Asia, Japan's Nikkei fell after a surge in the yen that was sparked by an election victory for the opposition Democratic Party.
Major European markets were lower in morning trading. London markets were closed for a bank holiday.
Companies: A burst of deal activity announced Monday, however, failed to provide much of a lift to U.S. futures.
Walt Disney (DIS, Fortune 500) said it would acquire comic book publisher Marvel Entertainment (MVL) for approximately $4 billion. Shares of the comic book and film production company surged 26%.
Oilfield services company Baker Hughes (BHI, Fortune 500) also revealed Monday that it would purchase rival BJ Services (BJS, Fortune 500) in a cash-and-stock deal worth approximately $5.5 billion.
Economy: A report showed manufacturing activity in the Midwest was stronger than expected during August.
The Chicago PMI rose to 50.0 in August from 43.4 in July. Economists surveyed by Briefing.com had forecast a reading of 47.2.
Investors are looking toward a number of economic reports later in the week. Among them: auto sales for August on Tuesday, manufacturing activity data on Wednesday and the widely watched monthly employment report on Friday.
In currency trading, the dollar rose against the euro and retreated versus the yen.
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