MARKET PULSE- Facebook, AMD, Netflix, Coronado Biosciences, Mannkind

Mon Oct 14, 2013 9:56am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For more market insights, including options activity, click on ; for the Day Ahead newsletter

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...