Stocks were modestly lower this morning after hitting record highs on Friday.
There was limited economic data this morning.
Stocks on the Move
Wal-Mart (WMT) said this morning it was buying e-commerce startup Jet.com for $3.3 billion in cash and stock. Jet founder Marc Lore will join Wal-Mart to boost the firm’s online sales efforts. Rumors of the deal emerged last week and Wal-Mart shares were off 0.6% this morning.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.