Stocks were battered for a second straight day Friday amid worries of slowing economic growth and rising oil prices.
Disappointing results from Micron Technology— coupled with weak new home sales and durable orders reports and oil prices that refused to back off the $60 a barrel level — was enough to send stocks to their second straight day of steep losses.
THE WOOL PRESS::
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http://www.agriculture.gov.fk/january_2008.pdfHOME |
The Nasdaq lost 17 to 2053, the S&P fell 9 to 1991, and the Dow tumbled 123 to 10,297. Volume soared to 2.42 billion shares on the NYSE, and 2.51 billion on the Nasdaq. Decliners led 19-12 on the NYSE, and 18-12 on the Nasdaq. Downside volume was 69% on the NYSE, and 69% on the Nasdaq. New highs-new lows were 243-56 on the NYSE, and 123-80 on the Nasdaq.
Micronlost 2.3% after the company posted an unexpected loss for its May quarter.
McDatafell 5% on outsourcing plans.
Xyratex, Cognos, Omnivisionand Solectronfell on their results.
Sierra Wirelesslost 6% on a downgrade, and Ultratechtumbled 11% on a warning.
Veritasand Symantecslipped after shareholders approved the companies' merger plans.
 Ciena Hones Fed Focus
 McData Unloads Manufacturing Plant
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