Hewlett-Packard dragged stocks lower Wednesday after missing revenue estimates, and another day of rising international tensions didn’t help.
The Nasdaq fell 25 to 1303, the S&P 500 lost 11 to 827, and the Dow dropped 102 to 7806. Volume declined to 1.34 billion shares on the NYSE, and 1.21 billion on the Nasdaq. Decliners led 19-12 on the NYSE, and 19-12 on the Nasdaq. Downside volume was 65% on the NYSE, and 85% on the Nasdaq. New highs-new lows were 38-98 on the NYSE, and 54-81 on the Nasdaq.
plunged 15.5% after missing revenue estimates, citing “weak commercial spending” in the U.S.
gained on their earnings reports, while Wind River
fell on their results.
dropped 8% after losing a legal round in its bid to block Motorola’s
lost 3.7% despite a CDMA deal with China Unicom.
, off 1.5%, launched a paid music service.
Baby Bells SBC
promised more legal battles over last week’s FCC ruling.
gained 3.7% after unveiling a software deployment solution.
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