Stocks rallied strongly early Friday after the Labor Department said the U.S. economy shed fewer jobs than feared last month, but a 23% decline in shares of Sun Microsystems (NASDAQ: JAVA) set the tone the rest of the way, dragging the Nasdaq into the red by the close. Ferry sinks off Turkeys coast; at least 1 dead - Yahoo! News:: Ferry sinks off Turkeys coast; at least 1 dead. Sun Sep Asian stocks tumble AP - 1 hour, Tech. Politics. Science. Health. Travel. Most Popular. Odd http://news.yahoo.com/s/ap/20080915/ap_on_re_eu/turkey_ferry_sinksHOME | Man Sinks 2 Holes in One in Single Round - Oddities - redOrbit:: Tech. Health. Education. Fun. Shop. Sitemap. Search. Space. Science. Technology. Health. General Stocks Reel From Fresh Fears. Detroit Mayor Perjury Plea http://www.redorbit.com/news/display/?id=40872HOME |
Sun plunged after the company blamed the weak economy for missing earnings and sales estimates, and Nortel (NYSE: NT) shed 2% on its results. NetSuite (NYSE: N) was another big earnings decliner, off 16% on inline guidance that wasn't as strong as investors had hoped.
The Dow and S&P ended the day with modest gains on news that the economy only shed 20,000 jobs last month, much better than expectations for a loss of 75,000 jobs. The Nasdaq ended the day a few points lower. Financial news and information Blog Archive U.K. stocks drop as :: stocks drop as banks fall, but retailers climb. LONDON (MarketWatch) - U.K. stocks Sun Sinks Tech Stocks. AIG, Citi Rekindle Credit Fears; Stocks Tumble http://finance.vault.info.pl/forex-and-stock-market/uk-stot-retailers-climb-36.htmlHOME | Harris Associates L.P.:: road, steam rising from the radiator as the sun sinks on the horizon. in all technology stocks remains at absurd levels: while tech stocks account for http://www.harrisassoc.com/opennewnews.asp?news_id=44HOME |
One bright spot for the tech sector was Yahoo (NASDAQ: YHOO), which jumped 7% on reports that talks with Microsoft (NASDAQ: MSFT) were intensifying and that the two may be getting closer on price.
ComScore (NASDAQ: SCOR) jumped 14% on better than expected sales growth of 41%. Related: Ship Carrying 850 Sinks Off Central Java - washingtonpost.com:: of ferry sinking found Melbourne Herald Sun 1/1/2007 2:59:59 PM 12 Zombie Stocks to Sell Now€€Free Report>> ID theft is happening everywhere. Get Protected> http://www.washingtonpost.com/wp-dyn/content/article/2006/2006123000027_Inform.htmlHOME | Sinks-Grove News - Topix:: Sci-Tech. Offbeat. Other Topics. Local: Sinks-Grove (change) Forums & Polls. News. Newswire Bad news drops stocks way down. US Coast Guard helicopter http://www.topix.com/city/sinks-grove-wvHOME |
Cirrus Logic (NASDAQ: CRUS) and MicroStrategy (NASDAQ: MSTR) fell sharply on their quarterly results.
Cisco (NASDAQ: CSCO) was little changed ahead of its earnings report on Tuesday.
The Nasdaq lost 3 to 2476, the S&P rose 4 to 1414, and the Dow rose 48 to 13,058. Volume declined to 3.92 billion shares on the NYSE, and 2.28 billion on the Nasdaq. Advancers led by a 19-14 margin on the NYSE, but decliners held a 16-12 edge on the Nasdaq. Upside volume was 59% on the NYSE, and 51% on the Nasdaq. New highs-new lows were 79-57 on the NYSE, and 87-91 on the Nasdaq.
Technical Analysis: Bulls Push On
Sun Sets on Tech Rally
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