| Stocks fell again Tuesday after another day of lukewarm earnings forecasts.
USATODAY.com - Stocks fall on uneven economic outlook:: Stocks fall on uneven economic outlook NEW YORK - Frustrated by the still elusive Stocks have been gradually losing ground for weeks as investors digest earnings http://www.usatoday.com/money/_wall-street-outlook.htmHOME |
The Nasdaq fell 11 to 1364, the S&P 500 lost 14 to 887, and the Dow dropped 143 to 8442. Volume declined to 1.31 billion shares on the NYSE, and 1.38 billion on the Nasdaq. Decliners led 23-10 on the NYSE, and 20-12 on the Nasdaq. Downside volume was 84% on the NYSE, and 64% on the Nasdaq. New highs-new lows were 100-32 on the NYSE, and 89-43 on the Nasdaq.
After the close, DoubleClick beat estimates and reaffirmed guidance. Motorola beat estimates but warned. CheckFree beat estimates and raised guidance. webMethods, JDA and Openwave beat estimates, and Sanmina, Avaya and Unisys matched estimates. Xilinx, Hutchinson and RF Micro warned. Buckeye Tech stock falls after outlook - Boston.com:: Buckeye Technologies Inc. stock fell Monday in the first day of trading after the specialty fibers maker lowered its March quarter earnings outlook due to high http://www.boston.com/business/technology/articles/2006/03/27/buclls_after_outlook?mode=PFHOME | Miners and Steel Stocks Rise Toyota Falls - Market Update:: after it offered gloomy outlook on sales and earnings for the current year but as the company offered more drugs on discounts. Jobless claims fall http://123jump.com/market-update/Miners-and-Steel-Stocks-Rise-Toyota-Falls/27622HOME |
During the day, Oracle gained 1.1% after reaffirming guidance and boosting its joint services strategy with EMC, which slipped 0.6%.
EDS fell 10% on news of an expanded SEC probe.
Microsoft, off 0.3%, and Sun, down 4.5%, unveiled a plan for incoporating Java into Windows. Microsoft also announced that it is buying a Web conferencing firm.
IBM, down 1%, made a big push for Linux at LinuxWorld.
Giga Information soared 192% on news that it will be acquired by Forrester.
HP, off 2.5%, unveiled new AlphaServer systems and expanded pacts with Microsoft and Brocade.
Verizon, down 3%, was ordered to turn over the name of an online music pirate. Microsoft, meanwhile, unveiled anti-piracy software.
AOL, which slipped 3.1%, boosted its programming ranks. Briefing.com: Stocks Fall on Earnings Reports:: Stock Market Update Archive. Stock Market Update. Stocks Fall on Earnings Reports and Wachovia (WB 11.85, -1.34) all reported disappointing earnings or outlook. http://news.briefing.com/GeneralContent/Investor/Active/ArticlePorticleId=SI20080722094343HOME | FedEx stock falls after high fuel costs pinch outlook | Markets | Hot :: BOSTON (Reuters) - Package delivery company FedEx Corp <FDX.N> cut its earnings forecast for the current quarter on Friday, citing higher fuel prices and weaker http://www.reuters.com/article/hotStocksNews/idUSN1636723620071116HOME |
Lucent, up 2.4%, will resell Cisco products. Cisco climbed 0.4%.
Sohu.com surged 14.7% and Micromuse gained 3% after topping estimates.
Juniper gained 5.5% on an upgrade.
AskJeeves rose 1.4% after unveiling a new search engine.
AMD, off 0.5%, is targeting new markets such as Linux clusters and wireless security.
VA Software rose 3.7% after unveiling enterprise software developed in collaboration with IBM.
Qwest, down 5.3%, scored a deal with the U.S. State Department.
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