Another Down Day For Stocks
The Nasdaq returned to the level where it started the year on Friday, as technology and Internet stocks suffered yet another steep drop.
The ISDEX http://www.wsrn.com/apps/ISDEX/
Network Appliance
Portal Software
Register.com
Audible
Cisco Systems
Digital Insight
Jupiter MediaMetrix
Some technical comments on the market: Note: We are now including charts in the technical market commentary. If you can't get the charts via the e-mail newsletter version, try this link: http://www.afterhourstrading.com/column.html
The S&P 100 and 500 (first and second charts) are about as low as they can go without breaking their uptrends off their December lows. 685 on the S&P 100 and 1320 on the S&P 500 is the point where we want to see this market turn back up, and even at those levels sellers are doing damage to those lines.
dropped 15 to 348, and the Nasdaq fell 63 to 2498, 28 points above where it started the year. The S&P 500 lost 10 to 1322, and the Dow declined 65 to 10,815. Volume declined to 439 million shares on the NYSE, but rose to 840 million on the Nasdaq. Decliners led 15 to 12 on the NYSE, and 22 to 10 on the Nasdaq. For earnings reports, visit our earnings calendar at http://www.wsrn.com/apps/earnings/internet.xpl and reported earnings at http://www.wsrn.com/apps/earnings/ireported.xpl. For after hours quotes and news, visit our after hours trading site at http://www.afterhourstrading.com.
surged 3 7/8 to 39 1/16 after topping estimates by a penny with 11-cent earnings and said it sees little slowdown in business. Competitor EMC
fell 2.25 to 57.25.
plunged 2 11/16 to 8 17/32 on a Merrill Lynch downgrade.
rose 1 9/32 to 10 3/16 after the company and Sprint
announced amended alliance terms, renewing speculation that Microsoft
will make a play for EarthLink.
rose 7/8 to 7 11/16 after the company's 6-cent earnings beat breakeven estimates.
soared 15/16 to 1 13/16 on a $10 million investment from Microsoft.
fell 1 15/32 to 28 17/32, continuing its slide after missing estimates and warning earlier this week. Cisco supplier PowerOne
plunged 5 5/8 to 26 9/16 on an earnings warning.
rose 7/16 to 15 1/8 after beating estimates. ScreamingMedia.com
slipped 29/32 to 3 1/16 despite besting estimates. Mainspring
was unchanged at 2 9/16 despite beating estimates and warning.
slipped 1/4 to 6 3/16 after missing estimates by a penny. Mercator
, down 2 7/16 to 8, also missed by a penny. Razorfish
, off 9/32 to 1 19/32, and Organic
, unchanged at 1 1/4, matched estimates.