National Semi and Ciena helped tech stocks hold up a little better than the rest of the market on Friday, but it was still another ugly day for stocks. Stocks Stumble After GDP::
Folksy Palin, disciplined Biden get the job done Some facts adrift in vice The report identified the slowing housing market as a significant drag on growth,
http://www.breitbart.com/article.php?id=D8L12HK01&show_article=1HOME |
News that employers cut 63,000 jobs last month and that Washington Mutual may be seeking an emergency cash infusion sent blue chip stocks more than 1% lower, but the Nasdaq ended the day down only 0.4% on strength in chip stocks. Dow plunges 679 points to trade below 9,000 for the first time in 5 ::
Stocks took a nosedive after a major credit-rating agency said it might cut View all Top Jobs. Search Chicago jobs. All Chicago jobs. Post resume. Post a job
http://www.chicagotribune.com/business/sns-ap-wall-street,0,4187589.storyHOME |
Ciena and National Semi were the sector's big winners, surging 11% each on their quarterly results. Ciena beat Wall Street estimates with a 38% sales gain, while improving margins at National Semi helped push the chip sector to a small gain on the day. KHNL NBC 8 Honolulu Hawaii |Stocks stumble::
Health and Home Report. KHNL News 8 Anchors and Reporters. Contact KHNL NBC 8. KHNL/K5 Jobs. Local Job Center. KHNL News 8 Special Features. Talk Story. News 8
http://www.khnl.com/Global/story.asp?S=7560513&nav=menu55_12HOME |
Intel, IBM, Apple, Microsoft, Amazon and Yahoo all gained 1% or more.
Orbitz rebounded 18% a day after falling on lower than expected sales.
PeopleSupport tumbled 28% after lowering guidance.
Marvell lost 5% despite better than expected results and guidance, and Palm lost 6% after Lehman Bros. lowered estimates on the company.
The Nasdaq fell 8 to 2212, the S&P lost 10 to 1293, and the Dow fell 146 to 11,893. Volume rose to 4.57 billion shares on the NYSE, and 2.39 billion on the Nasdaq. Decliners led by a 21-11 margin on the NYSE, and 18-11 on the Nasdaq. Downside volume was 67% on the NYSE, and 63% on the Nasdaq. New highs-new lows were 29-396 on the NYSE, and 33-448 on the Nasdaq.
 Technical Analysis: Stocks Can't Catch a Bid
 Technical Analysis: Can Stocks Pass the Retest?
|
PRINT
Add to favorites