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Major benchmarks drifted lower Monday as uncertainty over a trade deal continued to weigh on the market. The Dow Jones Industrial Average(DJINDICES: ^DJI) and the S&P 500(SNPINDEX: ^GSPC) closed near session lows.
Data source: Yahoo! Finance.
As for individual stocks, two pharmaceutical giants announced plans to snap up smaller companies working on cancer drugs, stepping up competition in the hottest area of drug development. Merck(NYSE: MRK) has made a deal to buy ArQule(NASDAQ: ARQL), and Sanofi(NASDAQ: SNY) plans to pay a big premium for Synthorx(NASDAQ: THOR).