Apple Drops Stocks
A report that Apple's
Apple shares fell 3% after CIBC analysts said the iPhone might not show up until the second quarter of 2007, a few months later than expected.
Coupled with nervousness ahead of Friday's unemployment report, the news was all traders needed to play it safe for the day.
Corning
Redback
Tellabs
ON Semi
Akamai
Cree
Research in Motion
After the close, National Semi
The Nasdaq lost 18 to 2427, the S&P 500 fell 5 to 1407, and the Dow lost 30 to 12,278. Volume rose to 2.67 billion shares on the NYSE, and 2.12 billion on the Nasdaq. Decliners led 19-13 on the NYSE, and 18-11 on the Nasdaq. Downside volume was 66% on the NYSE, and 66% on the Nasdaq. New highs-new lows were 324-11 on the NYSE, and 147-35 on the Nasdaq.
much-anticipated iPhone may be delayed a few months gave investors an excuse to take profits Thursday.
fell 4% on fears of an LCD glut.
shares surged 12% on a broadband contract win in China.
fell on a JP Morgan downgrade, while Level 3
and Alcatel Lucent
gained ground.
and Techwell
gained on presentations at the Lehman Brothers technology conference, while Motorola
lost ground on its presentation.
added 7% after a Cowen upgrade earlier in the week.
lost 13% on a warning.
and BEA
fell on downgrades.
and Xilinx
fell on their results.