Nasdaq smash from Intel

New York (CNNMoney.com) — Tech stocks fell Wednesday mornings on disappointment over the income and prospect Intels and dragged down the more expanded market, since investors continued the miserablen beginning to 2008. The Dow Jones industrielle average (INDU) lost 0,7 percent nearly 90 minutes into the learning section, during the more expanded S&P 500 (INX) index 1 percent lost Die Nasdaq compound lost 2,2 percent. Stocks stolperten Tuesday after steep Citigroups quarterly loss and a large drop in the einzelverkaeufen verbitterte fear of a recession. Selloff liess the Dow at a 2monatigen low and at the S&P 500 and Nasdaq to the 10monatigen depths. However die acceptance did not transmit a hysteresis collection Wednesday, since it has sometimes Instead, stocks stolperte from new, this time in retort on Intel. Intel (INTC, fortune 500) of reported quarterly results and over this prospect disappointed investors late Tuesday. Intel of portions slipped nearly 13 percent and pressed the more expanded technology sector. Microsoft (MSFT, fortune 500), Cisco Systems (CSCO, fortune 500), Dell (DELL, fortune 500) and Yahoo! (YHOO, fortune 500) to the large technology portions belonged dragging on Nasdaq and to trade in the more expanded market also affect. A Techherausragendes war BEA of systems (BEAS), die 19 percent in the active Nasdaq trade on report it jumped that it was, by Oracle in a Bargelddeal $8,5 billion to be bought. Orakel (ORCL, fortune 500) stock was changed little. In the other news reported JP Morgan (JPM, fortune 500) over weaker income that estimations under one writedown $1,3 billion for bad mortgage debts missed. However the financial leader reported also on higher incomes that first-class estimations Die portions, die in the morning is won, acts Fellow bank well fargo (WFC, fortune 500) reported weaker quarterly income due to large subprime hit than well. However the income that exceeded bank prognoses by a penny and would send divides more higher. Approximately in economic news December consumer Price index (CPI) rose 0,3 percent year before, while CPI at the core level - which out erasable food and energy strips - rose 0,2 percent. Die economists, die of Briefing.com grasps became, expected CPI and core CPI, around to rise 0,2 percent. The beige read book the Feds on the economy is due this afternoon. Additionally the common economic committee a Kw_hearing in Washington stops, who action die Federal Government, if the take helps avoid a recession. Treasury prices fell and lifted the result on the 10jaehrigen note to 3,71 percent from 3.68 percent late Tuesday on. Treasury determines price and results moves in opposite directions. United States bright crude oil for February delivery fell $100 to $90,90 a barrel on the New York, which report commercial Exchange after the weekly inventory of the government surprise jump to the rough stocks pointed. COMEX gold for February delivery fell $13,30 to $889,30 ounce.

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Nasdaq Starts Weak, Closes With 1. 7 Advance.

Feb. 1, 2008 Investor’s Must Always delivered by Newstex Nasdaq stocks gapped down at the open Th only rebounded in building broad gains. The Nasdaq composite sank as much as 1. 5, but rallied going to a 1. 7 gain. The tech-heavy Nasdaq C concave 1. 8. Plenty big. Transit Circle APOL surged 6. 22, or 8. 5, to 79. 74 so i reclaimed its 50-day going public in double set trade. The secondary education provider has stepped to take passage the past both quarters by cracking a five-quarter rank on rank results. In another form operators, Strayer Education NASDAQ: STRA STRA gained 7. 72 to 172. 58. The interest in retook its 50-day line. Ship transporters extended their new interest. DryShips DRYS added 6. 08 to 74. 43, Expeditors State of Washington NASDAQ: EXPD EXPD 1. 01 to 47. 29 and TBS International NASDAQ: TBSI TBSI 2. 40 to 33. 31, one of higher-than-usual volume. L. B. Foster FSTR leapt 4. 09, or 10, to 46. 03 at short hand. The maker on track and construction products tripled its fourth-quarter do so 81 cents a share, blowing out views by 41 cents. Baidu. com BIDU bounced off its 200-day going public in close up 20. 56 at 279. 95 in heavier volume. The have done a four-session downtrend. Amazon. com AMZN back over on climb 3. 49 to 77. 70 in its biggest market in six months. The online commissariat department fourth-quarter sales views last Wednesday, time getting met forecasts. On the downside, Omnicell NASDAQ: OMCL OMCL gapped down and stumbled 1. 25 to 25. 08 by two its good thing, quickly cold its 200-day face for the first time as June. The patron of treatment they services was slated on account fourth-quarter results after Thursday’s close. Analysts were looking for a 47 up in 28 cents a share, which would mark its best aid development at eight quarters. JA Astral Body JASO shed 4. 10 to 50. 83 at close hand. Almost heavenly stock fell, led by NYSE-listed Trina Solar NYSE: TSL TSL, which said its chief financial officer please go. After the close, Google GOOG was down more than 40 points back part fourth-quarter profit views by a penny. It earned 4. 43 a share, up 39 out last year. Gain even under forecasts, too. During the fine day, the Make inquiry giant had risen 16. 02 to 564. 30 to double its same number. Newstex ID: IBD-0001-22692784 First published in the February 1, 2008 part of Investor’s Must Always.

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