The Sabah United Chinese Chambers of Commerce: News & Events::
Euro stocks end week on flat note. LONDON, England (Reuters) -- European shares Telecommunications stocks dropped 0.5 percent with Telefonica down 0.5
http://www.succc.org/readnews.php?id=1HOME |
A three-day sell-off in blue chip stocks finally caught up with the tech sector on Friday, as the Nasdaq ended the day down 0.4%. cbs5.com - Wall Street's Dow Jones Industrial Average Of Stocks ::
Oct 10, 2008 The yield on the benchmark 10-year note rose to 3.87 percent from 3.76 European stocks sank, with Britain's FTSE-100 down 8.14 percent,
http://cbs5.com/business/stocks.wall.street.2.837521.htmlHOME |
Still, the Nasdaq ended the week up 0.75%, vastly outperforming the Dow's 1% loss on the week.
Microsoft was perhaps the biggest reason for the tech sector's down day, losing 1.7% on news that the company may have to pay $1.52 billion in an MP3 patent infringement case.
BEA Systems and Tekelec lost more than 9% each after beating estimates but lowering forward guidance. SBA Communications and VA Software also lost ground on their earnings reports. France 24 | Economic uncertainty drives stocks down worldwide ::
European stock markets closed down despite rallying during the week. Special Report Global capitalism on the brink. Friday 03 October 2008
http://www.france24.com/en/20081003-economic-uncertainty-drives-down-stocks-worldwide-stock-marketsHOME |
Verigy had a much better reception for its results, soaring 24% after beating estimates and raising guidance, and CommScope and Intuit rose on their results.
Western Digital and Xyratex gained on Citigroup upgrades.
The Nasdaq lost 10 to 2515, the S&P 500 fell 5 to 1451, and the Dow shed 38 to 12,647. Volume rose to 2.58 billion shares on the NYSE, and 2.08 billion on the Nasdaq. Decliners led 16-15 on the NYSE, and 17-13 on the Nasdaq. Downside volume was 57% on the NYSE, and 65% on the Nasdaq. New highs-new lows were 209-24 on the NYSE, and 169-36 on the Nasdaq.
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