Stocks erased most of a steep decline on Thursday, as buyers overcame war fears long enough to send the indexes back to breakeven. Dell matched estimates after the close.
The Nasdaq slipped 1 to 1277, the S&P 500 lost 1 to 817, and the Dow fell 8 to 7749. Volume rose to 1.47 billion shares on the NYSE, and 1.33 billion on the Nasdaq. Decliners led 19-13 on the NYSE, and 19-13 on the Nasdaq. Downside volume was 64% on the NYSE, and 60% on the Nasdaq. New highs-new lows were 22-204 on the NYSE, and 41-149 on the Nasdaq.
After the close, Dellrose after matching estimates and reaffirming guidance, and Intuitbeat estimates and raised guidance. Analog Devicesand NVIDIAbeat estimates.
During the day, Intelrose 2.4% after unveiling a new cell phone chip. Texas Instrumentsfell 2.8% on the news.
Qualcommlost 7.3% on concern about the Intel chip and a CDMA inventory buildup in China.
Amazondropped 5.1% on sales tax concerns.
Brocadefell 10% after matching estimates, Cognizantclimbed 1.3% after beating estimates, while TMP Worldwidefell 14% after missing estimates and declining to give guidance.
Ciscogained 0.8% on a VoIP deal.
Transmetarose 2.3% on expanded sales plans.
Overturelost 2.7% despite a deal with MSN Japan.
Yahoo, down 0.6%, unveiled a new premium service.
Comverseslipped despite a new customer and platform.
Motorola, down 0.3%, unveiled a Java-Linux handset.
TerraLycosfell 5.5% despite a $500 million deal.
Hoover’s, down 8.2%, is back to one bidder.
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