Disappointing earnings reports and a surge in weekly jobless claims sent stocks lower on Thursday.
The Nasdaq lost 8 to 1457, the S&P 500 declined 7 to 911, and the Dow fell 75 to 8440. Volume declined to 1.5 billion shares on the NYSE, and 1.65 billion on the Nasdaq. Decliners led 19-13 on the NYSE, and 17-13 on the Nasdaq. Downside volume was 68% on the NYSE, and 57% on the Nasdaq. New highs-new lows were 131-22 on the NYSE, and 145-29 on the Nasdaq.
After the close, Amazon
surged near a 52-week high (28.04) after beating estimates and raising guidance. Western Digital
and Digital Insight
beat estimates, VeriSign
met estimates, and Emulex
During the day, Overture
plunged 30% on dismal results.
slipped 1% as it formally unveiled Windows Server 2003.
fell 3.5% on the resignation of COO Bob Holder.
surged on their earnings reports.
rose on their results, while Qualcomm
declined on theirs.
, off 1.4%, will offer wireless IM.
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