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Markets Right Now: US stocks trading slightly lower

NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):

12:00 p.m.

Stocks are trading slightly lower on Wall Street with technology and consumer goods companies dropping the most.

Coca-Cola fell 1 per cent, Apple is down 1.2 per cent and Facebook lost more than 2 per cent.

LinkedIn shares soared 47 per cent and Microsoft fell 2.6 per cent after the software giant agreed to buy the professional networking services firm for $26.2 billion. Symantec jumped nearly 7 per cent after saying it will buy security firm Blue Coat for $4.65 billion.

The Dow Jones industrial average fell 74 points, or 0.4 per cent, to 17,791. The Standard & Poor’s 500 slid 10 points, or 0.5 per cent, to 2,085. The Nasdaq composite fell 38 points or 0.8 per cent to 4,857.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 per cent.

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9:40 a.m.

Stocks are opening slightly lower on Wall Street with technology and consumer goods companies dropping the most following big losses on Asian markets.

Coca-Cola fell nearly 1 per cent, Apple is down 3 per cent and Facebook lost 2 per cent.

LinkedIn shares soared 48 per cent and Microsoft fell 4 per cent after the software giant agreed to buy the professional networking services firm for $26.2 billion.

The Dow Jones industrial average fell 33 points, or 0.2 per cent, to 17,833. The Standard & Poor’s 500 4 points, or 0.2 per cent, to 2,093. The Nasdaq composite slid 13points or 0.3 per cent to 4,881.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.63 per cent.