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U.S. Stock Market Flat Today on European Concerns; S, GRPN, TWX Among Biggest Losers

US stock market

Stock market today, Aug. 6, 2014: U.S. markets were sluggish this afternoon, with benchmarks eking out modest gains. Concerns about geopolitical pressures in Ukraine temporarily abated, but investors are taking notice of brewing economic problems in Europe.

Gold prices were up nearly 2% on the day, surpassing the $1,300 threshold this afternoon.

Now, here are the top stories from today…

Time Warner Inc. (NYSE: TWX) Stock Plummets as Fox Deal Falls Through

Time Warner Inc. (NYSE: TWX) stock is down more than 12% in morning trading today following last night's news that Rupert Murdoch's Twenty-First Century Fox Inc. (Nasdaq: FOXA) has removed its $80 billion offer to purchase the company. TWX stock opened at $74.90 after closing yesterday at $85.19.

The statement came as a surprise to TWX investors who had pushed TWX stock to a 52-week high of $88.13 in mid-July shortly after the offer had been announced.

Here’s why the deal fell through the morning…

TWX, FOXA, MDLZ Top the Hot Stocks to Watch on Wednesday

TWX

Hot stocks to watch today: Among companies in the S&P 500 Index that have reported earnings results, about two-thirds have beat analysts' sales targets, the highest percentage since mid-2011, according to Barclays.

Investors hope the streak continues as earnings continue to roll in. Reports today (Wednesday) include results from media giants TWX and FOXA, snack food leader MDLZ, and more.

Get all 10 hot stocks to watch here.