Concerns that French banks may be downgraded weighed the markets down to a lower open with the Dow falling 73 points to 10,918. Nasdaq lost 4 points to 2463.
On the upside
European oil field services firm Technip will pay approximately $937 million in cash to acquire Global Industries (Nasdaq: GLBL).
Broadcom (Nasdaq: BRCM) will acquire NetLogic Micrsystems (Nasdaq: NETL) for approximately $3.7 billion.
A Motley Fool article on Friday suggested that ReneSola (NYSE: SOL) may be a good investment.
On the downside
According to The Wall Street Journal, the Federal Reserve may be investigating Capital One Financial's (NYSE: COF) proposed acquisition of ING Groep (NYSE: ING).
Tenet Healthcare (NYSE: THC) warned that 2011 earnings will be at the low end of its guidance due to lower Medicaid reimbursements.
Questcor Pharmaceuticals (Nasdaq: QCOR) reported flat sequential sales of Acthar to treat nephrotic syndrome and infantile spasms.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 672.
