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SUNDAY, NOVEMBER 22, 2009
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Dow Drops 36 as Consumer Data Saps Stocks

Intel, Dell see gains

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(Newser) – Stocks mostly fell today despite good news from the tech sector, the Wall Street Journal reports. The Reuters/University of Michigan index of consumer confidence fell in August, dragging the markets down. Intel rose 4.32% after raising its third-quarter profit forecast, while Dell gained 1.89% on second-quarter earnings that beat expectations. The Dow fell 36.43 points to 9,545.20. The Nasdaq added 1.04 to settle at 2,028.77, and the S&P 500 lost 2.05, closing at 1,028.93.

  • For the week, the Dow and Nasdaq both rose 0.4%, and the S&P 500 gained 0.3%.

Traders work the floor of the New York Stock Exchange Friday, Aug. 28, 2009, in New York.
Traders work the floor of the New York Stock Exchange Friday, Aug. 28, 2009, in New York.   (AP Photo/Frank Franklin II)
Specialist Peter Mazza, left, works on the floor of the New York Stock Exchange in this undated file photo.
Specialist Peter Mazza, left, works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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You would think the market would be up today, with what came out of Intel and Dell, but a lot of people have really big gains and are really scared of a September selloff.
- Dave Rovelli, Canaccord Adams

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