BUZZ-U.S. STOCKS ON THE MOVE-LinkedIn, Microsoft, Facebook, Symantec

Mon Jun 13, 2016 2:09pm EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street was lower for the third straight trading day, pulled down by Microsoft, ahead of the Federal Reserve's policy meeting starting Tuesday. Dow Jones industrial average futures were down 0.40 percent at 17,794, S&P 500 futures were down 0.49 percent at 2,086 and Nasdaq 100 futures were down 0.70 percent at 4,434.5.

** LINKEDIN CORP $192.22, +46.64 pct

** MICROSOFT CORP $50.03, -2.82 pct

Microsoft agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the world's largest online network for professionals. Microsoft was the biggest drag on all three major indexes.

** TWITTER INC $14.76, +5.28 pct

Goldman adds Twitter stock to list of companies it believes have at least 15 pct chance of seeing M&A action in next one year, according to note - Bloomberg.

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