Wall Street turned negative on Monday as concerns over economic recovery overshadowed early deal excitement.
Hewlett-Packard offered 1.5 billion U.S. dollars, or 24 dollars per share, for data storage provider 3Par, just one week after rival Dell agreed to acquire the company for 1.13 billion U.S. dollars, or 18 dollars per share.
However, stocks turned negative as weak economic outlook once again took hold in the market.
The Dow Jones industrial average dipped 39.89 points, or 0.39 percent, to 10,173.73. The S&P's 500 index slipped 4.33 points, or 0.40 percent, to 1,067.36 and the Nasdaq was down 20.13 points, or 0.92 percent, to 2,159.63.
Hewlett-Packard offered 1.5 billion U.S. dollars, or 24 dollars per share, for data storage provider 3Par, just one week after rival Dell agreed to acquire the company for 1.13 billion U.S. dollars, or 18 dollars per share.
However, stocks turned negative as weak economic outlook once again took hold in the market.
The Dow Jones industrial average dipped 39.89 points, or 0.39 percent, to 10,173.73. The S&P's 500 index slipped 4.33 points, or 0.40 percent, to 1,067.36 and the Nasdaq was down 20.13 points, or 0.92 percent, to 2,159.63.
