click the chart for more markets data. NEW YORK (CNNMoney)
The Dow, S&P 500, and Nasdaq all fell in morning trading. Investors are probably focused more on the deluge of economic reports coming later this week: a read on gross domestic product (GDP) for the second quarter, a meeting from the Federal Reserve's policy committee and the July jobs report.
"I think the market is somewhat apprehensive coming into this week because of the amount of data that we're likely to see going into the week," said Tom Beevers, chief executive officer of StockViews.
But here's what to keep an eye on today:
1. Housing and discount shopping deals: Zillow (Z) confirmed that it plans to buy Trulia (TRLA) for $3.5 billion in stock. The acquisition merges the two biggest names in online housing, and CNNMoney reported last week that some real estate agents were nervous that the sites' combined depth of local housing data could make in-person brokers irrelevant. Shares of Trulia surged 8%, while Zillow slipped around 6%.
Family Dollar (FDO) shares rallied 22% on news that it's getting bought by another discount retailer, Dollar Tree (DLTR), for $8.5 billion. Dollar Tree's stock also climbed.
Related: Fear & Greed Index backslides to fear
2. Stocks to watch: Tyson Foods (TSN) shares were up after the company announced in its earnings report that it plans to sell its Mexican and Brazilian poultry units for $575 million. Herbalife (HLF), which skyrocketed last week after hedge fund manager Bill Ackman failed to convince investors of his case against the nutritional supplement company, will report after the bell.
El Pollo Loco (LOCO) continues to look appetizing after its initial public offering last week. The stock shot up 17% Monday, following a more than 60% gain in its first day of trading Friday.
Related: CNNMoney's Tech 30
3. International markets: Most European markets were down in afternoon trading.
Russia's Micex index was lower after an arbitration panel in the Hague ruled against the state, finding the government had illegally sold off the assets of oil company Yukos. Former major shareholders were awarded $50 billion in damages.
Most Asian markets advanced, led by a 2.4% surge on China's benchmark Shanghai Composite.
4. Friday U.S. markets recap: U.S. stocks fell Friday. The Dow Jones Industrial Average closed down almost 130 points while the S&P 500 and Nasdaq finished the day off about 0.5%. The three major indexes ended the week little changed.
First Published: July 28, 2014: 9:48 AM ET
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