Market Lower On Economic, War News

Stocks declined Wednesday on a continued string of negative economic news and uncertainty over the war in Iraq.

The Nasdaq slipped 3 to 1387, the S&P 500 lost 4 to 869, and the Dow fell 50 to 8229. Volume declined to 1.3 billion shares on the NYSE, and 1.41 billion on the Nasdaq. Decliners led 18-14 on the NYSE, and 17-14 on the Nasdaq. Upside volume was 35% on the NYSE, and 58% on the Nasdaq. New highs-new lows were 45-30 on the NYSE, and 78-42 on the Nasdaq.

NVIDIA rose 2.8% on a deal with IBM , which lost 2.3% on earnings concerns.

Red Hat fell 2.2% after missing estimates.

Earthlink rose 3.7% on news that it plans to offer high-speed dial-up service. AOL climbed 0.7% after the company unveiled voice mail service.

Level 3 gained on an online gaming deal with Sony.

Oracle , up 1.2%, is pushing Linux.

HP tacked on 0.4% on a $100 million e-learning contract.

Yahoo and eBay once again hit new 52-week highs.

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