Wall Street lower on weak China data, fall in oil prices

February 1, 2016 12:45 PM

Alere jumped 45.2% to $54 after Abbott Laboratories agreed to buy the diagnostics company for $5.8 billion. Abbott was little changed at $37.82.

Chipotle Mexican Grill was up 5.1% at $476.11 after E. coli outbreaks that affected the burrito chain's customers last year appeared to be over.

Twitterwas up 8.5% at $18.23 after rumors of a private equity deal.

Yahoo was down 1.4% at $29.11 after the WSJ reported the company is set to reveal cost-cutting plans that include a reduction of 15 % of its workforce.

Declining issues outnumbered advancing ones on the NYSE by 1,953 to 1,043. On the Nasdaq, 1,712 issues fell and 1,000 advanced.

The S&P 500 index showed 20 new 52-week highs and four new lows, while the Nasdaq recorded 19 new highs and 79 new lows.

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Tanya Agrawal, Reuters