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Everything in red: the sector communications dragged downwards to the Nasdaq
The markets decided yesterday on the diving, thanks to a new wave de warnings
on the part de companies de different sectors. In the beginning the indices already were below the closing de the eve. From mid-morning the fall it was made frank.
The Nasdaq did not take rest, whereas the Dow and the S&P happened oscillating in a strip afternoon de a quarter de percentage point. In the last minutes, the curves rose high downwards. After hour they followed the information
negatives, putting a note de preoccupation for the today opening.
The Dow yielded 91.25 points (0.86%), closing in 10.479, 86. The Nasdaq lost 60,69
units (2.83%) and it was in 2.080, 11. The S&P descended 15.21 points (1.23%), and finalized in 1.219, 24.Las main the bad news came from Europe. The Marconi Briton, who
it produces equipment for telecommunications, and the Dutch ASM Lithography, informed
to wait for minors income and gains, due to the weakness de the demand.
The volume was very modest: in the NYSE 930 million hardly compromised and the losers won by 1.2 to 1. In Nasdaq 1,300 million negotiated and 1.8 papers lowered by which it raised.
No green one can be in the list de the most moved, than it down headed Cisco with 56 million and 8.3%. WorldCom (38 Ms, -1,3%), Intel (34 Ms, -2%), Oracle (29 Ms, -4,2%), Microsdet (24 Ms, -2%), Sun (22 Ms, -4,6%), dell (20 Ms, -2,6%), GE (19 Ms, -2,1%) and JDS Uniphase (19 Ms, -8,4%) completes the panel.
Alcatel, that touched a minimum for the 52 weeks fell almost 17%. Ericsson (- 11%) was another one de the great losers. Juniper Networks yielded little less than 9%.
The Chips sector also was punished. AMD lost 3.76% in regular schedule, and after the closing it made a warning on results, falling still more in the negotiations “de after hours”. Another company that produced unfavorable information in the evening was staff, the giant de the data storage, that already had marked more than 5% de loss in the closing.
Little it has de the positive side, where it excels mazon with raises de 8.1%. Cirrus Logic (+3.3%), Honeywell (+4%), and 3Com (+1.3%) and Compaq (+0.5%) are some others that came out well in a day where the pesimism prevailed
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