Stocks have turned lower in mid-day trading on Monday. Investors remain focused on Europe and the latest round of corporate news has been met with disappointment.
Traders responded to Halliburton's earnings with a round of profit taking and Research In Motion's shares have fallen on news of a leadership change.
Dow is down 37.16 points, or 0.29 percent, to 12,683.32. The Nasdaq has slipped 10.96 points, or 0.4 percent, to 2,775.74. The S&P 500 is lower by 3.36 points, or 0.26 percent, at 1,312.02.
Wall Street opened the day with some mild gains, boosted by optimism about a solution to the euro-zone debt crisis. The European markets remain higher as trading wraps up overseas, but U.S. stocks have become jittery as talks about Greece's debt continue.
Shares of oilfield services provider Halliburton Co. (HAL) are down 3.5 percent.
The company reported a sharp rise in its fourth-quarter profit, driven by strong revenue growth amid increased drilling activity. Both adjusted earnings per share from continuing operations and quarterly revenues topped analysts' expectations. The company said it expects activity increases to continue through 2012. However, shares rallied last week, and traders are taking profits in Monday's early trading.
BlackBerry maker Research In Motion (RIMM, RIM.TO) announced that its Co-Chief Executive Officers Jim Balsillie and Mike Lazaridis have stepped down after about two decades at the helm of the company. They are succeeded by Chief Operating Officer Thorsten Heins as President and CEO, effective immediately.
Shares are down 6.5 percent amid disappointment that the company chose an insider as its new top executive.
Independent oil and gas company Apache Corp. (APA) said it has agreed to acquire privately-held Cordillera Energy Partners III LLC for $2.85 billion in cash and stock, in a deal that more than doubles its acreage in a highly liquids-rich fairway in the Anadarko Basin. The sellers include EnCap Investments, other institutional investors and Cordillera management.
The National Highway Traffic Safety Administration released a statement saying that the Chevy Volts and other electric cars do not seem to pose a greater risk of fire than gas automobiles.
There was a lackluster day of trading in Asia, with a number of markets in the region closed for holidays. Japan finished fractionally lower.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.