Stocks Opened Lower after Weeks of Gains

U.S. stocks opened lower on Monday as investors were cautious following six straight weeks of gains. The Dow Jones Industrial Average lately lost 131.88 points, or 0.74%, to 17,778.45. The S&P 500 shed 12.49 points, or 0.59%, lto 2,086.71. The Nasdaq Composite was down 20.01 points, or 0.39%, to 5,127.11.

DuPont (DD.N) appointed interim Chief Executive Edward Breen, best known for overseeing the turnaround and breakup of Tyco International Plc (TYC.N), its permanent CEO and chairman.

The owner of Tinder, and OkCupid hopes to raise as much as $466.2 million in an initial public offering of company shares. Match Group Inc. disclosed in a regulatory filing Monday that it will price its IPO of about 33.3 million shares between $12 and $14 per share.

Shares in Apache Corp. (APA) climbed 10% in premarket action on Monday, following a report Sunday that it’s attracted an unsolicited takeover offer. The oil and natural gas company rejected the initial approach and is using Goldman Sachs as an adviser to defend itself, said a Bloomberg report citing unnamed sources.

Dean Foods Co. (DF) said it had net income of $20 million, or 22 cents per share, in the third quarter, after a loss of $16 million, or 17 cents per share, for the same period last year. Adjusted net income was $28 million, or 30 cents per share, for the quarter.

Canadian Natural Resources Ltd. on Monday said it agreed to sell the bulk of its royalty land assets in Western Canada to PrairieSky Royalty Ltd. for 1.8 billion Canadian dollars ($1.4 billion), a move aimed at bolstering the oil and gas producer’s balance sheet amid slumping crude-oil prices.

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