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More evidence of a slowing economy restrained blue chip stocks on Tuesday, but technology shares managed modest gains on earnings and upgrades.
Dell surged 4% on its second upgrade in two days, this one from UBS, which cited improving pricing.
InterActiveCorp rose 4% on an 11% gain in sales, and Rackable Systems, Agere and Intevac climbed on their results.
Qwest and Neoware fell on their earnings reports.
Comtech jumped 14% on a partnership with Microsoft.
After the close, Baidu fell after beating estimates but warning. eBay Growth to Slow, Predicts Analyst; Stock Drops Over 4 Points:: eBays ultimate growth rate may not support its current stock price, according eBay Growth to Slow, Predicts Analyst; Stock Drops Over 4 Points. By Ina Steiner http://www.auctionbytes.com/cab/abn/y02/m10/i01/s01HOME | IMF: Economic Growth Will Slow in Latin America:: 7 Stocks You Need To Know For Tomorrow -- Free Newsletter The slowing growth rate may help policy makers in the region continue their http://www.tradingmarkets.com/.site/news/Stock%20News/1355035/HOME |
Weaker than expected consumer confidence and Midwest manufacturing reports weighed on the rest of the market Tuesday, sending the Dow to a modest loss.
The Nasdaq rose 3 to 2366, the S&P 500 was unchanged at 1378, and the Dow slipped 6 to 12,080. Volume rose to 2.72 billion shares on the NYSE, and 1.98 billion on the Nasdaq. Advancers led 16-15 on the NYSE, and decliners led 16-14 on the Nasdaq. Upside volume was 46% on the NYSE, and 56% on the Nasdaq. New highs-new lows were 218-24 on the NYSE, and 163-45 on the Nasdaq.
Technical Analysis: Shallow Correction
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