Major U.S. stock indexes finished mixed Wednesday, thanks to a late-afternoon selloff and despite some positive economic news.
Only the Dow managed to finish in the black, climbing 19.8 points to close at 9873, a 0.2% gain. The Nasdaq fell an identical amount, 19.8 points, to 1960, a loss of 1.0%. Earlier in the session the Nasdaq inched above 2,000 for the first time in almost two years.
The S&P 500 declined slightly to 1065 from 1067, a drop of 0.2%.
Investors seemed to react positively to a U.S. Labor Department report that nonfarm worker productivity rose in the third quarter faster than at any time in the past two decades.
Stocks finished mixed; Brasil Telecom rises on deal reports :: Stocks finished mixed; Brasil Telecom rises on deal reports. Money – Major Latin American stock markets closed mixed Friday, but a jump in shares of Brasil http://money.propeller.com/story/2008/03/28/stocks-finished-mixed-brasil-telecom-rises-on-deal-reports/HOME |
Though the tech-heavy Nasdaq finished in the red, a number of technology stocks fared well Wednesday. Database maker Oracle gained 4% to $12.90 in the wake of an upgrade to "buy" from UBS.
Server player Sun Microsystems climbed 2 cents to $4.37 per share. At a quarterly customer conference Wednesday, Sun unveiled enhancements to its Java programming tools. The company also announced after trading that it would not join Eclipse, an open-source tools consortium begun by IBM.
Nightly Business Report . Gold drops on rising dollar; grains end :: The NBR stock ticker box requires the Macromedia Flash Player. Click to download Flash Energy prices also moved lower, while grains finished mixed. http://www.pbs.org/nbr/headlines/Commodities_Review/index.htmlHOME | Daily Times - Leading News Resource of Pakistan:: Asian stocks close mixed, China plummets. HONG KONG: Asian shares close mixed Hong Kong and Singapore also finished down, but Taiwan rose more than 2.5 http://www.dailytimes.com.pk/default.asp?page=2008%5C08%5C09%5Cstory_9-8-2008_pg5_11HOME |
Microsoft inched up a penny to $25.67 Wednesday after the software giant announced it would make its software licensing policies less restrictive in the wake of customer requests.
Chip maker Intel Corp. declined 51 cents to $33.34, a drop of 1.5%. The company announced Wednesday afternoon an agreement that would allow its 40,000 resellers to MCI Internet, voice and data services.
Cell phone maker Motorola fell 38 cents, or 2.7%, to $13.67. The company announced Wednesday that its venture capital arm, Motorola Ventures, has invested in Shanghai NewMargin Venture Capital Co. LTD., China's premier venture capital management fund.
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