Impending Reports Worry Market

Stocks slid into the close Monday as interest rates rose in bond trading amid jitters that an impending flood of new economic data might upset an optimistic inflation outlook.

The Dow Jones industrial average surrendered an early 36-point gain and fell 34.29 to 5,972.73 as an afternoon rebound fizzled. It was the Dow’s second finish below 6,000 in three sessions and its fifth losing performance in six sessions.

Broad-market measures also surrendered early gains as bond prices slipped, sending interest rates higher. The yield on the 30-year Treasury bond rose to 6.83 percent from late Friday’s 6.81 percent.

With the flow of major earnings reports slowing to a trickle, the market spotlight shifted to this week’s economic reports, which include key readings on employment costs, the manufacturing sector, and the nation’s third-quarter growth.

Some of the stocks that moved substantially or traded heavily Monday:

NYSE

Loctite, up 11-3/4 at 58.

German chemical group Henkel KGA is offering $56 a share, or about $1.1 billion, to buy the rest of Loctite, a maker of sealants, adhesives and cleaners. Henkel, which already owns 35 percent of Hartford, Conn.-based Loctite, it may take the offer directly to Loctite shareholders if an agreement isn’t reached.

Pall, down 1-1/8 at 25-1/4.

Memtec (Nasdaq), up 5 at 34.

Gelman Sciences (Amex), up 1/4 at 30-1/8.

Pall agreed to buy Gelman, a rival maker of filters for health care and other uses, for stock valued at about $270 million. The deal would end Gelman’s agreement to be acquired by Australia’s Memtec.

NASDAQ

Physician Reliance Network, down 4-5/8 at 4-7/8.

The Dallas-based manager of oncological medical practices posted third-quarter earnings well below analysts’ expectations. Physician Reliance blamed the disappointing results on a failure to fully integrate an expansion of the company’s affiliated physicians and support staff.

Acclaim Entertainment, down 1-5/16 at 3-15/16.

The maker of video games and comic books expects to report a loss of at least $140 million for the fourth quarter and a loss for its fiscal year in excess of previous expectations.

AMEX

Technitrol, up 1-7/8 at 32-7/8.

The Philadelphia-based maker of electrical and electronic parts agreed to buy the metallurgical business of Germany’s Doduco GmbH and all stock in Doduco Espana for $22 million.