| A market that had survived disappointing earnings from GE and IBM finally reached the breaking point on Friday.
The culprits were eBay's earnings warning for 2004, along with disappointing results from Sun, Xilinx, DoubleClick, Rambus and RSA. Audioblogging 2.0:: of eBay say I want there to be a monopoly running the online auction market? The daily podcast feed for today, friday is up at my new blogger weblog. http://radio.weblogs.com/0100368/2005/02/25.htmlHOME |
Even companies reporting strong results got smacked by profit-taking, among them Broadcom, PMC-Sierra, and WebEx. Lofty valuations from this year's strong run-up were cited for the sell-off in those issues. Half.com / Music / Imports / Oldies / 50s:: Purchase these bargains on Half.com. Worryin Kind, Sands, Tommy 50s, The Complete Sun Singles, Vol. 1 Box, Various Artists, Shake Around, Smith, Ray http://www.half.ebay.com/music-imports__50s-Oldies_W0QQcatZ159607QQpgZ5HOME | My eBay Charity Auction for the Dream Foundation:: Subscribe to this blogs feed. Home. Kim Style. Kim Pix. Channel Kim. Kim In The News the cloud that was hanging over my heard drifted way and sun finally http://www.kimkardashian.com/2008/05/my-ebay-charity-auction-for-th.phpHOME |
AMD, Avid and Fairchild were among the few posting gains on solid earnings reports.
Volatility from options expiration added to the selling, and reports of security breaches on Southwest Airlines stoked terrorism fears. Better than expected consumer confidence and home sales did little to help the mood.
The Nasdaq fell 37 to 1912, the S&P 500 lost 10 to 1039, and the Dow shed 69 to 9721. Volume declined to 1.3 billion shares on the NYSE, and 1.75 billion on the Nasdaq. Decliners led 22-10 on the NYSE, and 21-9 on the Nasdaq. Downside volume was 78% on the NYSE, and 82% on the Nasdaq. New highs-new lows were 186-3 on the NYSE, and 219-8 on the Nasdaq. TheStreet Search RSS Feed: John Raess:: TheStreet Search RSS Feed: John Raess. Bears Having Their Cake, Risk Eating Crow A Downgrade, Missed Opportunities Cast Shadows on Sun http://www.thestreet.com/feeds/rss/search.html?topicSearch=John+RaessHOME | Coffee, Sun & Technology:: Ebay, Google and Yahoo united. Vista: youve got to be kidding? Bear Stearns and the rest: why Im worried. Small is the new sexy http://feeds.feedburner.com/CoffeeSunAnalyticsHOME |
Yahoo gained all of 3 cents after Overture held onto MSN's business.
SCO Group fell despite getting new funding.
Enterasys lost 4.5% after settling shareholder lawsuits.
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Technical Analysis: Nasdaq, S&P Break Support
eBay Sued For Trademark Infringement |