Stocks Battle Back
Stocks erased most of a steep decline on Thursday, as buyers overcame war fears long enough to send the indexes back to breakeven. Dell matched estimates after the close.
The Nasdaq slipped 1 to 1277, the S&P 500 lost 1 to 817, and the Dow fell 8 to 7749. Volume rose to 1.47 billion shares on the NYSE, and 1.33 billion on the Nasdaq. Decliners led 19-13 on the NYSE, and 19-13 on the Nasdaq. Downside volume was 64% on the NYSE, and 60% on the Nasdaq. New highs-new lows were 22-204 on the NYSE, and 41-149 on the Nasdaq.
After the close, Dell
During the day, Intel
Amazon
Brocade
Cisco
Transmeta
Overture
Yahoo
Comverse
Motorola
TerraLycos
Hoover's
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rose after matching estimates and reaffirming guidance, and Intuit
beat estimates and raised guidance. Analog Devices
and NVIDIA
beat estimates.
rose 2.4% after unveiling a new cell phone chip. Texas Instruments
fell 2.8% on the news.
lost 7.3% on concern about the Intel chip and a CDMA inventory buildup in China.
dropped 5.1% on sales tax concerns.
fell 10% after matching estimates, Cognizant
climbed 1.3% after beating estimates, while TMP Worldwide
fell 14% after missing estimates and declining to give guidance.
gained 0.8% on a VoIP deal.
rose 2.3% on expanded sales plans.
lost 2.7% despite a deal with MSN Japan.
, down 0.6%, unveiled a new premium service.
slipped despite a new customer and platform.
, down 0.3%, unveiled a Java-Linux handset.
fell 5.5% despite a $500 million deal.
, down 8.2%, is back to one bidder.