RealTime IT News

Intel Can't Save Nasdaq Winning Streak

The Nasdaq's longest winning streak since February 2000 came to an end Friday despite good earnings news from Intel .

Intel ended the day up 0.4% after raising estimates for the second time in two weeks, but the Nasdaq and the broader market fell on an unexpected loss of 93,000 jobs last month, ending a 7-day Nasdaq winning streak.

The Nasdaq fell 10 to 1858, the S&P 500 lost 6 to 1021, and the Dow fell 84 to 9503. Volume rose to 1.45 billion shares on the NYSE, and 1.96 billion on the Nasdaq. Decliners led 17-14 on the NYSE, and 17-14 on the Nasdaq. Downside volume was 58% on the NYSE, and 52% on the Nasdaq. New highs-new lows were 255-5 on the NYSE, and 310-9 on the Nasdaq.

Manugistics gained 7% on hopes for a strong quarter.

PeopleSoft slipped despite continued interest from Oracle .

FindWhat.com hit a new 52-week high on takeover rumors.

Dot Hill plunged 19% on a warning.

SCO Group slipped as it began the next round in the Linux battle.

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