It’s a deal making Monday. Unfortunately,  the big acquisitions were unable to turn the major U.S. indices around and they are following crude lower and opening to the downside.

U.S. stocks had stopped tracking crude oil’s movements, but that has changed as oil has continued a six-day slide back to $43 a barrel. Hedge funds are unwinding their oil trades and inventories are remaining stubbornly high even during the summer when they normally go down.

The Dow Jones Industrial Average is lower by 38 points to trade at 18,533, the S&P 500 is down by 3 points to 2,171 and the Nasdaq is lower by 2 points to 5,098. The S&P Retail ETF is adding 7 cents to sell at $44.56.

G-III Apparel Group Ltd. is buying Donna Karan International from French luxury group LVMH Moët Hennessy Louis Vuitton in a deal that is valued at about $650 million. Investors aren’t too happy about the deal and the stock was trading lower by more than 4 percent to $47.95. G-III gets the DKNY and Donna Karan brands, which should fit well with its stable of licenses for brands including Calvin Klein and Tommy Hilfiger. LVMH was unable to make the brands work, causing G-III investors to worry if they bought a dud. The stock has fallen 27 percent over the past year, although in the past month began to rally and risen from its 52-week low of $36.14. LVMH, which bought Donna Karan in 2001 for $643 million, was trading higher by more than 1 percent to 144 euros or $158 at today’s rates.

Verizon Communications Inc. is acquiring Yahoo Inc.’s core business for $4.83 billion in cash. The sale does not include Yahoo’s stake in the Chinese online retail giant Alibaba Group Holding Ltd. The acquisition does include search, e-mail, advertising and media products like Yahoo Finance and the Style page. Verizon will also get products like blog site Tumblr, photo sharing site Flickr and shopping site Polyvore. The group will be run by Tim Armstrong, who was the chief executive officer of AOL when Verizon bought it for $4.4 billion. Verizon stock is only slightly lower, losing 18 cents to sell at $55.90, while Yahoo has dropped more than 1 percent to $38.77.