What Happened in the Stock Market Today

Major benchmarks drifted lower Monday as uncertainty over a trade deal continued to weigh on the market. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) closed near session lows.

Data source: Yahoo! Finance.

As for individual stocks, two pharmaceutical giants announced plans to snap up smaller companies working on cancer drugs, stepping up competition in the hottest area of drug development. Merck (NYSE: MRK) has made a deal to buy ArQule (NASDAQ: ARQL), and Sanofi (NASDAQ: SNY) plans to pay a big premium for Synthorx (NASDAQ: THOR).

Continue reading

Source Fool.com