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RealTime IT News

A Weak End To The Week

Stocks fell again Friday on fears of terrorism and a protracted war in Iraq.

The Nasdaq fell 14 to 1369, the S&P 500 lost 5 to 863, and the Dow dropped 55 to 8145. Volume rose to 1.23 billion shares on the NYSE, but declined to 1.35 billion on the Nasdaq. Advancers led 17-14 on the NYSE, but decliners led 16-14 on the Nasdaq. Downside volume was 55% on the NYSE, and 72% on the Nasdaq. New highs-new lows were 48-32 on the NYSE, and 82-24 on the Nasdaq.

Lucent gained 1.4% after settling shareholder lawsuits.

Enterasys fell 5.5% on its earnings report, and Manugistics lost 12% on its earnings.

Microsoft , off 1.5%, shipped Windows Server 2003 to manufacturers. Also, the company lost a key IM official to Reuters.

Commerce One , up 1.4%, is pinning its hopes on Web services.

NVIDIA , off 4.1%, partnered with Dolby to improve PC sound.

SAP , off 3.1%, is targeting small businesses.

Sun , down 3.7%, plans a software strategy announcement soon.

Infineon , off 0.3%, is expanding its manufacturing operations in China.

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