A strong rally on positive war news faded for the third straight day on Monday.
The Nasdaq added 6 to 1389, the S&P 500 added 1 to 879, and the Dow gained 23 to 8300 - 220 points off its high for the day. Volume rose to 1.47 billion shares on the NYSE, and 1.51 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 19-12 on the Nasdaq. Upside volume was 63% on the NYSE, and 63% on the Nasdaq. New highs-new lows were 111-13 on the NYSE, and 129-27 on the Nasdaq.
After the close, Microchip and RF Micro warned.
During the day, CNT fell 28% on plans to acquire Inrange.
AOL surged 5% after taking its video IM case to the FCC. Assessing the Economic Recovery Mickey D. Levy Shadow Open Market :: The silver lining in the decline in hours worked has been sustained strong gains in labor financial asset valuations and uncertainties fade. With inventory http://www.somc.rochester.edu/nov02/levy.pdfHOME |
Intel, up 1.7%, is readying for Windows Server 2003.
Yahoo lost ground despite major search upgrades. The company reports earnings Wednesday night.
Siebel gained 3% despite warning, while S1 fell 7% after warning. MarketWatch.com: Stock Market Quotes - Business News - Financial News:: Early gains fade into losses, as investors think twice about last weeks gains. Fannie, Freddie begin week with strong gains. 12:14 p.m. http://www.marketwatch.com/?reflink=DNH_ATDHOME | Financials lift TSX;NY mixed on earnings reports, oil declines Propeller:: Money TORONTO ΓΆβ;¬ The Toronto stock market ran ahead late Friday morning, Early, strong gains in energy stocks faded alongside another decline in oil http://money.propeller.com/story/2008/07/20/financials-lift-tsxnyings-reports-oil-declinesHOME |
Adobe rose 3% on sweeping changes to Acrobat.
Unisys climbed 0.7% after targeting the low end of the market.
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