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Stocks fell amid continuing cynicism from Friday's jobs report, but major tech developments made the day interesting.
First, your scoreboard:
Dow: 12,930, -131 pts, -1.00%

NASDAQ: 3,047, -33 pts, -1.09%

S&P 500: 1,382, -16 pts, -1.14%
These were the day's top headlines:
  • Asian markets fell across the board. The Nikkei led the plunge, closing down 1.47 percent. European markets were closed today.

  • BTIG downgraded Apple from BUY to Neutral just ahead of the Opening Bell. It forecasts a serious revenue miss later this year—primarily based on sour iPhone sales—despite an impressive second quarter. Shares of AAPL still rose nearly 1 percent during the day. H


  • AOL will sell 800 patents and license 300 more to Microsoft for a cool $1 billion. Shares of AOL rallied more than 43 percent today.


  • Facebook announced that it bought mobile-only photo-sharing app Instagram for $1 billion in cash and stock, on the heels of a $50 million financing round the smaller company reportedly closed last week. Instagram's integration with Facebook's mobile app is expected to streamline picture-taking and -sharing.


  • Former commodities trader Vincent McCrudden was sentenced to two years and four months in jail today after threatening 47 financial regulators via email and on his website.