– National
Stocks barely budged Monday, finishing mixed as interest rate worries and a legal setback for Merck & Co. countered momentum from a possible multibillion-dollar acquisition by ConocoPhillips.
The Dow Jones Industrial Average fell 10.81, or 0.1 percent, to 10,767.77. The Standard & Poor’s 500 Index rose 1.06, or 0.1 percent, to 1,260.43. The Nasdaq Composite Index rose 4.22, or 0.2 percent, to 2,260.95.
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– Local
Local movers were led by J2 Global Communications Inc., which rose 3.9 percent to $46.76, and CB Richard Ellis Group Inc., which gained 3.1 percent to $54.65 On the down side, shares of K-Swiss Inc. lost 2 percent to $32.56 and Computer Sciences Corp. fell 1.2 percent to $48.92.
Shares of Public Storage Inc. fell 0.8 percent to $69.78 after the Glendale-based real estate investment trust’s stock rating was downgraded to “sell” from “hold” by analyst at Matrix USA.
3D Systems Corp. lost 4.7 percent to $17.93 after the Valencia-based 3-D printing systems manufacturer’s stock rating was cut to “market perform” from “outperform” by Piper Jaffray & Co. The price target was set at $18 per share.
