Wall Street sags at the open

Stocks open to the downside as Apple releases quarterly filing, NYSE, Nasdaq will close Tuesday in observance of national day of mourning for President Gerald Ford.

December 29 2006: 9:40 AM EST

NEW YORK (CNNMoney.com) -- Wall Street edged lower Friday as Apple options and merger news dominate the headlines.

The Dow Jones industrial average, Nasdaq and S&P all inched lower in the first moments of trade.

In a regulatory filing Apple said that after an internal investigation it has recorded expenses to adjust for improperly dated stock option grants, and said its board has "complete confidence" in Chief Executive Steve Jobs and other senior managers.

Also financial services firm Marsh & McLennan Cos. Inc. has agreed in principle to sell its Putnam Investments unit for $3.9 billion to Montreal-based holding company Power Corp. of Canada , the Wall Street Journal reported on its Web site on Friday.

The NYSE and Nasdaq will close Tuesday in observance of the national day of mourning for President Gerald Ford.

Oil is 40 cents lower to $60.13 a barrel.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .