RealTime IT News

Stocks Finished Mixed

Major U.S. stock indexes finished mixed Wednesday, thanks to a late-afternoon selloff and despite some positive economic news.

Only the Dow managed to finish in the black, climbing 19.8 points to close at 9873, a 0.2% gain. The Nasdaq fell an identical amount, 19.8 points, to 1960, a loss of 1.0%. Earlier in the session the Nasdaq inched above 2,000 for the first time in almost two years.

The S&P 500 declined slightly to 1065 from 1067, a drop of 0.2%.

Investors seemed to react positively to a U.S. Labor Department report that nonfarm worker productivity rose in the third quarter faster than at any time in the past two decades.

Though the tech-heavy Nasdaq finished in the red, a number of technology stocks fared well Wednesday. Database maker Oracle gained 4% to $12.90 in the wake of an upgrade to "buy" from UBS.

Server player Sun Microsystems climbed 2 cents to $4.37 per share. At a quarterly customer conference Wednesday, Sun unveiled enhancements to its Java programming tools. The company also announced after trading that it would not join Eclipse, an open-source tools consortium begun by IBM.

Microsoft inched up a penny to $25.67 Wednesday after the software giant announced it would make its software licensing policies less restrictive in the wake of customer requests.

Chip maker Intel Corp. declined 51 cents to $33.34, a drop of 1.5%. The company announced Wednesday afternoon an agreement that would allow its 40,000 resellers to MCI Internet, voice and data services.

Cell phone maker Motorola fell 38 cents, or 2.7%, to $13.67. The company announced Wednesday that its venture capital arm, Motorola Ventures, has invested in Shanghai NewMargin Venture Capital Co. LTD., China's premier venture capital management fund.

We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.