Stocks fell Wednesday on reports that the U.S. is tracking cargo ships that may be carrying Iraqi weapons of mass destruction and that Iranian troops had entered Iraq.
The Nasdaq fell 12 to 1334, the S&P 500 lost 6 to 845, and the Dow declined 40 to 8000. Volume declined to 1.08 billion shares on the NYSE, and 1.19 billion on the Nasdaq. Decliners led 19-12 on the NYSE, and 19-12 on the Nasdaq. Downside volume was 69% on the NYSE, and 69% on the Nasdaq. New highs-new lows were 29-51 on the NYSE, and 44-66 on the Nasdaq.
After the close, Agile
beat estimates, while Synopsis
and ADC Telecom
beat estimates but guided lower.
During the day, Overture
plunged 21% on news that it will acquire Alta Vista, which is majority owned by CMGI
. CMGI gained 14% on the news.
rose 0.5% after saying it sees a second-half uptick.
gained 5.2% on a deal with Ericsson
fell 7.3% after missing revenue estimates, while SunGard
rose 7.6% after beating estimates. Photronics
gained 3.9% after beating estimates.
Baby Bells Verizon
fell ahead of Thursday’s FCC meeting on deregulation.
, off 1.7%, made an acquisition in the server space.
Meanwhile, a dot-com IPO lawsuit was cleared for trial.
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