Stocks Lose Ground Again

By Paul Shread | November 08, 2002
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Warnings, downgrades and fears of war with Iraq sent stocks to a second straight day of losses on Friday.

The Nasdaq fell 17 to 1359, the S&P 500 lost 7 to 894, and the Dow lost 49 to 8537. Volume was unchanged at 1.44 billion shares on the NYSE, and declined to 1.6 billion on the Nasdaq. Decliners led 19 to 13 on the NYSE, and 18 to 14 on the Nasdaq. Downside volume was 74% on the NYSE, and 71% on the Nasdaq. New highs-new lows were 17-36 on the NYSE, and 33-29 on the Nasdaq.

Oracle lost 6% ahead of next week's OracleWorld conference.

Research In Motion soared 27% on a licensing deal with Nokia .

Microsoft slipped 1.6% amid skepticism of the company's focus on the Tablet PC.

Texas Instruments edged higher and Micron fell on news that TXN has developed a new memory chip.

Qualcomm ended down fractionally despite an early pop on better than expected results and guidance. NVIDIA plunged 22% on a warning.

Comcast slipped ahead of an FCC ruling on the company's merger with AT&T.

Sun declined 3% as it unveiled its new N1 server.

Note: The market commentary has moved: The Technical Analysis is now a separate article. Please go directly to the InternetStockReport.com home page at:

http://www.InternetStockReport.com.