MARKET PULSE-Solar stocks, Lufkin, BioCryst, Global-Tech Advanced
April 8 (Reuters) - Some U.S. stocks on the move on Monday:
WALL ST EDGES LOWER ON EARNINGS, ECONOMY CAUTION
U.S. stocks slipped as investors faced the prospect of a lackluster corporate earnings season, which could challenge the market's recent record high, and an economy that could be hitting a slow patch.
The Dow Jones industrial average was down 51.28 points, or 0.35 percent, to 14,513.97, the Standard & Poor's 500 Index shed 1.50 points, or 0.10 percent, to 1,551.78 and the Nasdaq Composite Index lost 2.75 points, or 0.09 percent, to 3,201.11.
** LUFKIN INDUSTRIES INC, $87.88, up 37.4 pct (1240 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...