S&P slip
Stocks fell on concern that the European debt crisis may intensify and a smaller-than-forecast increase in US factory orders. The S&P 500 slipped 1.2 percent, to 1,495.71, after reaching a five-year high last week.
Looking up
Boeing asked the FAA for approval to resume test flights with the 787 Dreamliner while the plane is grounded during an investigation of battery faults.
Cae$ar$
Casinos owner Caesars Entertainment, controlled by Apollo Global Management and TPG Capital, rose 11.5 percent, to $8.71, after saying it may raise money by selling a stake in its online operation and properties in Las Vegas and Baltimore.
Gannett hit
Gannett, which owns 82 newspapers and 23 TV stations, fell on concern that TV revenue growth won’t compensate for weakness in print advertising. The stock closed at $18.51, off 6.7 percent.
Penney
JCPenney asked a judge to bar bondholders from claiming the retailer defaulted on debt by entering an inventory-secured credit agreement last year.