Market slips as takeover chatter dominates trading
New York stocks edged lower as takeover talk and rising rates weighed on sentiment. The Dow fell 0.57 to 2685.51 at noon, with 535 issues up and 796 down on the NYSE, while the composite index eased to 192.65 and volume neared 92 million shares. AIRLINE stocks were active with UAL up sharply on bid discussions, AMR and Delta advancing, and Paramount Communications rising amid takeover speculation.
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