Stocks declined Thursday on fears that war in Iraq could last for months.
The Nasdaq slipped 3 to 1384, the S&P 500 lost 1 to 868, and the Dow fell 28 to 8201. Volume declined to 1.22 billion shares on the NYSE, but rose to 1.42 billion on the Nasdaq. Advancers led 17-14 on the NYSE, and by a few issues on the Nasdaq. Downside volume was 53% on the NYSE, and 55% on the Nasdaq. New highs-new lows were 38-38 on the NYSE, and 79-35 on the Nasdaq.
After the close, Manugisticsbeat estimates.
During the day, Computer Sciencessurged 4.6% on a $1.6 billion outsourcing deal with Motorola.
Broadcomplunged 16% on management changes at its ServerWorks subsidiary.
Qualcommslipped 2.2% on earnings concerns, but the company could get a boost from a U.S. victory in Iraq.
Xerox, off 0.8%, hopes to solve the infamous “last mile” problem.
Earthlinkrose 3.1% after announcing a deal with Best Buy.
Macromediatacked on 2 cents after unveiling new flash technology.
Network Associatesslipped 0.7% on continued accounting concerns.
RSArebounded 21% after plunging yesterday on an erroneous report.
NaviSitetacked on 0.7% on an acquisition.
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