MARKET PULSE- Facebook, AMD, Netflix, Coronado Biosciences, Mannkind
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U.S. stocks fell at the open on Monday as traders focused on events in Washington after weekend talks between Republicans and Democrats left the risk of a possible U.S. default alive.
The Dow Jones industrial average was down 0.61 percent. The Standard & Poor's 500 Index was down 0.62 percent while the Nasdaq Composite Index was down 0.61 percent.
** FACEBOOK INC, $48.28, down 1.7 pct (9:31 a.m. ET)
The social networking company said it would buy start-up app-maker Onavo, the Israeli firm said on its website, without giving any details of the deal. Facebook is paying between $150 million and $200 million, the Calcalist financial news website reported, making it the social media company's biggest acquisition in Israel.
** NETFLIX INC, $309.35, up 2.8 pct (9:31 a.m. ET)
The company is in talks with several U.S. cable television companies including Comcast Corp and Suddenlink Communications to make its streaming video service available through their set-top boxes, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Continued...