War fears sent stocks lower on Monday, as the U.S. and the UK planned a new UN resolution and Iraq gave some signs that it might not comply with a UN order to destroy missiles.
An accounting scandal at Dutch food giant Ahold and comments that the European Central Bank is concerned about the U.S. budget and trade deficits also hit stocks.
WebProWire | the internet professionals newswire:: Tokyo Stocks Fall At Open, Dollar Stronger Against Yen - Boston Globe Australian Stocks Open Weak As War Fears Resurface - Forbes http://newswire.webprowire.com/arch/20021217.htmlHOME | MoneyShow.com Articles Page:: Gain As Credit Concerns Resurface (JPM,UBS) | MARKET SNAPSHOT: U.S. Stocks Open Receive expert stock, fund and ETF picks from top editors and money managers http://www.moneyshow.com/msc/investors/article.asp?aid=tptp021408-14272&spn=fcHOME |
The Nasdaq fell 26 to 1322, the S&P 500 lost 15 to 832, and the Dow dropped 159 to 7858. Volume declined to 1.21 billion shares on the NYSE, and 1.23 billion on the Nasdaq. Decliners led 22-10 on the NYSE, and 21-10 on the Nasdaq. Downside volume was 81% on the NYSE, and 76% on the Nasdaq. New highs-new lows were 59-89 on the NYSE, and 71-70 on the Nasdaq.
After the close, Macrovision and Register.com beat revenue estimates.
During the day, Oracle lost 4.6% on concern that the company may miss its quarter, which closes this week.
Microsoft declined 2.2% despite saying at a Goldman Sachs conference that its sales pipeline is strong. Microsoft also went on the offensive against Sun.
Sun, meanwhile, tacked on 0.3% ahead of an analyst meeting this week. The company also took a shot at Microsoft office and announced a server deal with AMD, which lost 1.5%. Chapter H Is On the Move!:: With the Fall colors in the trees, it only. means that the white stuff is right around The VFW Hall (Veterans of Foreign Wars) on the corner of State and http://www.gwrra-mi.org/WingNews/Fall2007WingNewsPart03.pdfHOME | Toronto could hand Bombardier a signature contract | Markets | Markets :: UPDATE 3-Japan real estate stocks fall after Zephyr collapse RPT-GLOBAL MARKETS-Asia stocks down on consumer demand fears. Most Popular Articles RSS Feed http://www.reuters.com/article/marketsNews/idCAN0240431020080702?rpc=44HOME |
Priceline surged 14% on strong hotel revenues.
HP, off 2.3%, announced storage initiatives. The company reports earnings tomorrow night.
Cisco, down 1.7%, is pushing WiFi.
Overstock.com surged 9.4% to a new 52-week high.
Cymer fell 5.6% on a downgrade.
Yahoo, down 0.8%, predicted a big year for enterprise IM.
Level 3, off 1%, won three university contracts.
Market Commentary: For our free daily market commentary and technical analysis, please visit the InternetStockReport.com home page at:
http://www.InternetStockReport.com.
Pre-Article:IDT Throws Curve Ball with Global Crossing Bid Next-Article:Technical Analysis: Dow Transports At Important Support
|