MARKET PULSE-Lufkin, BioCryst, Global-Tech Advanced, Rubicon Technology
April 8 (Reuters) - Some U.S. stocks on the move on Monday:
WALL STREET SLIPS WITH EARNINGS SEASON IN VIEW
Wall Street waned as investors faced the prospect of a lackluster corporate earnings season and an economy that could be hitting a slow patch.
The Dow Jones industrial average was down 44.00 points, or 0.30 percent, to 14,521.25, the Standard & Poor's 500 Index lost 2.75 points, or 0.18 percent, to 1,550.53 and the Nasdaq Composite Index lost 3.34 points, or 0.10 percent, to 3,200.52.
** LUFKIN INDUSTRIES INC, $87.88, up 37.4 pct (1152 ET)
** GENERAL ELECTRIC CO, $22.85, down 0.4 pct (1152 ET)
General Electric is buying oilfield pump maker Lufkin Industries for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday. Continued...