Stocks Slip amid Oil Decline, M&A News

Crude futures slid below $58. Sanofi-Aventis reportedly scuttled its takeover talks for Bristol-Myers Squibb, while Vodafone paid $11.1 billion for a foothold in India

Stocks finished modestly lower Monday, as a drop in oil prices hampered energy shares and traders digested some M&A news including a pair of failed takeovers. Uncertainty ahead of Federal Reserve Chairman Ben Bernanke's upcoming testimony to Congress weighed on sentiment, says Standard & Poor's Equity Research.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.