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US stocks slip following drops in Europe and Asia; DreamWorks Animation soars on deal talk

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NEW YORK — U.S. stocks are closing slightly lower after recovering most of an early slide.

The Dow Jones industrial average fell 41 points, or 0.2 percent, to close at 17,071 Monday. The Dow had been down as much as 178 points earlier.

PHOTO: Specialist Anthony Rinaldi works on the floor of the New York Stock Exchange Monday, Sept. 29, 2014. The U.S. stock market slid to start the week, following European markets lower. (AP Photo/Richard Drew)
Specialist Anthony Rinaldi works on the floor of the New York Stock Exchange Monday, Sept. 29, 2014. The U.S. stock market slid to start the week, following European markets lower. (AP Photo/Richard Drew)

The Standard & Poor's 500 index fell five points, or 0.3 percent, to 1,977. The Nasdaq composite fell six points, or 0.1 percent, to 4,505.

Investors were nervous about the latest geopolitical unrest, this time in Hong Kong as police clashed with protestors demanding democratic reforms in the former British colony.

DreamWorks Animation soared 26 percent after media reports suggested the animation studio is in discussions with Japan's SoftBank about a possible deal.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.49 percent.

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