Paul Shread

Concern about earnings at Intel and Home Depot dragged down stocks on Tuesday, and a report showing weakening consumer expectations didn’t help. The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped less than a point to 123, and the Nasdaq lost 9 to 1652. The S&P 500 fell 9 to 1074, and the Dow dropped 122 to 9981. Volume rose […]

Stocks sold off Friday on downgrades to chip equipment stocks and lukewarm comments from Sun Microsystems. Fears of war with Iraq also weighed on the market. As of noon Eastern time, the Dow was off 80 points, the Nasdaq was down 30 and the S&P 500 was 8 points lower. Sun Microsystems fell 7% despite […]

A strong rally in biotechnology companies and better than expected durable goods orders led the market higher on Thursday. Biotech stocks surged after an FDA panel made positive comments about a Biogen drug under review. The ISDEX http://www.wsrn.com/apps/ISDEX/ gained 2 to 124, and the Nasdaq rose 24 to 1697. The S&P 500 added 11 to […]

IBM announced Wednesday that it will become the first major UNIX vendor to offer a commercial version of the Globus Toolkit Grid management software. Platform Computing announced the first commercial version of Globus in March. The Globus announcement is one of several new features IBM said it will include in its AIX operating system to […]

Stocks staged a late-day rally on Wednesday on rumors that Osama bin Laden had been captured, but military officials denied the rumors after the close. The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped 1 to 123, and the Nasdaq added 9 to 1673. The S&P 500 rose 6 to 1086, and the Dow climbed 52 to 10,157. Volume declined […]

More terrorist threats, the possibility of war between India and Pakistan, and weaker than expected results from Home Depot led to the stock market’s second straight drubbing on Tuesday. The ISDEX http://www.wsrn.com/apps/ISDEX/ lost 4 to 124, and the Nasdaq dropped 37 to 1664. The S&P 500 fell 12 to 1079, and the Dow lost 123 […]

Stocks fell Monday on terrorism concerns, a weak leading economic indicators report and negative comments about tech stocks by Merrill Lynch. The ISDEX http://www.wsrn.com/apps/ISDEX/ lost 3 to 129, and the Nasdaq dropped 39 to 1701. The S&P 500 fell 14 to 1091, and the Dow lost 123 to 10,229. Volume fell to 994 million shares […]

Stocks closed out the week on a high note on Friday, boosted by better than expected results from Dell and a rise in consumer confidence. The ISDEX http://www.wsrn.com/apps/ISDEX/ added 1 to 132, and the Nasdaq gained 10 to 1741. The S&P 500 rose 8 to 1106, and the Dow climbed 63 to 10,353. Volume rose […]

Dell beat estimates and raised guidance after the bell on Thursday, capping a day that saw modest gains despite continued weak economic reports. The ISDEX http://www.wsrn.com/apps/ISDEX/ added 1 to 130, and the Nasdaq gained 4 to 1730. The S&P 500 rose 7 to 1098, and the Dow climbed 45 to 10,289. Volume declined to 1.24 […]

Blue chip stocks pulled back on Wednesday, but the Nasdaq posted its third straight gain in heavy volume. The ISDEX http://www.wsrn.com/apps/ISDEX/ added less than a point to 129, and the Nasdaq gained 6 to 1725. The S&P 500 lost 6 to 1091, and the Dow fell 54 to 10,243. Volume declined to 1.41 billion shares […]

Stocks surged in high volume on Tuesday, but WorldCom fell on record volume on news that it will be dropped from the S&P 500. Applied Materials beat estimates after the bell, but Hewlett-Packard missed. The ISDEX http://www.wsrn.com/apps/ISDEX/ surged 7 to 129, and the Nasdaq soared 66 to 1719. The S&P 500 gained 22 to 1097, […]

Stocks were battered on Friday as they continued to give up the bulk of Wednesday’s huge gains. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 4 to 117, and the Nasdaq lost 49 to 1600. The S&P 500 dropped 18 to 1054, and the Dow lost 97 to 9939. Volume rose to 1.18 billion shares on the NYSE, and […]