New York • Stocks slipped below record levels on Monday as investors assessed corporate news. Wisconsin Energy and General Electric both fell after the companies announced that they had made acquisitions.
KEEPING SCORE: The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,960 as of 3:41 p.m. Eastern. The Dow Jones industrial average dropped 21 points, or 0.1 percent, to 16,925. The Nasdaq composite index edged down two points to 4,366.
DEAL NEWS: Micros Systems rose $2.20, or 3.3 percent, to $68.42 after Oracle said it was buying the company for about $5.3 billion. Wisconsin Energy fell $1.57, or 3.3 percent, to $45.32 after the company said that it was buying Integrys Energy for $5.8 billion. Intergrys jumped $8.01, or 13.1 percent, to $68.91. General Electric fell after agreeing to acquire most of the power generation business of Alstom. GE dropped 29 cents, or 1.1 percent, to $26.68.