Tech Stocks Fall; Dow Down 80

Investors await stress tests results

(NEWSER) - A poor earnings report and forecast from Cisco led stocks down today, the Wall Street Journal writes. The networking giant, considered an indicator of the tech sector’s general health, noted a 17% drop in revenue, and projected bigger losses for next quarter. The Dow closed down 102.43 at 8,409.85. The Nasdaq lost 42.86 to close at 1,716.24, and the S&P 500 dropped 12.14, settling at 907.39. More»

(NEWSER) - Stocks made gains today, with the financial and tech sectors pacing advances, the Wall Street Journal reports. Google and Research in Motion both gained at least 4%, with Citigroup and US Bancorp posting similar rises. The S&P 500’s financial sector gained 6.57%, and the index overall rose 24.23 to close at 778.12. The Dow closed up 178.73 at 7,395.70, while the Nasdaq gained 58.09, to 1,462.11. More»

Financials do better on reports of that nationalization will be gentle

(NEWSER) - Stocks fell today as concerns about waning global demand sank shares of giants like IBM, Hewlett-Packard, General Electric, and Alcoa, the Wall Street Journal reports. Citigroup bucked the trend on reports that a government takeover wouldn’t wipe out shareholders, and rose 11%. The Dow fell 250.89 to 7,114.78. The Nasdaq lost 53.51 to close at 1,387.72, and the S&P 500 fell 26.72, settling at 743.33—its lowest close since 1997. More»

Dow sees triple-digit rise

(NEWSER) - Is the panic over on Wall Street? The Dow shot up around 131 points, and the S&P and Nasdaq were up 13.5 and 26.2 as of 9:39am EST. Part of the gain came from Google’s blockbuster acquisition of Motorola , which sent the latter’s stock up 60%, according to the Wall Street Journal . Traders were also watching two other major deals—Time Warner is reportedly close to an agreement to buy Insight Communications, and Bank of America sold its credit card portfolio to Toronto-Dominion Bank. More»

Low-volume day 'slowest of the year,' Miller Tabak strategist says

(NEWSER) - Cisco Systems led the tech sector ahead of a major announcement tomorrow, but the rest of the markets dragged today as investors tried to gauge the state of the global economy, the Wall Street Journal reports.

• The Dow lost 13.68 points to close at 10,552.52.
• The Nasdaq gained 5.86, settling at 2,332.21.
• The S&P 500 dipped .19 to end the session at 1,138.50.