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Chip Stocks Lead Market Decline

Published by: admin 2008-11-21

A disappointing earnings report from Micron Technology and an analyst's warning about the health of the chip sector sent stocks skidding on Wednesday.

Micron fell 9% on pricing concerns and a lowered earnings outlook, and Intel lost 2.2% after Morgan Stanley said chip shipments are outpacing PC shipments, raising fears of another inventory glut. Nvidia also lost ground on Morgan's report, while AMD fared a little better on new product hopes. The Philadelphia Semiconductor Index ended the day 2.1% lower.

CHRONOLOGY-Biggest falls in UK blue chip stocks - Forbes.com::
Reuters CHRONOLOGY-Biggest falls in UK blue chip stocks 10.10.08, 9:25 AM ET Sources: Reuters/FTSE/David Schwartz - Stock Market Historian.
http://www.forbes.com/reuters/feeds/reuters/2008/10/10/2008-10-10T132547Z_01_LA273227_RTRIDST_0_FINANCIAL-FTSE-FALLS-CHRONOLOGY.html
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Al Awwal Saudi Stock Market Index::
File Format: PDF/Adobe Acrobat - View as HTMLYour browser may not have a PDF reader available. Google recommends visiting our text version of this document.Despite of Asian Market decline, Saudi Stock Market is. reported an increase last week where Alawwal Chip stocks remained prominent. We expect that this
http://www.alawwalfs.com/En/Report/Feb%2020.pdf
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Meanwhile, blue chips fell on a slightly weaker than expected services sector report and an in-line ADP employment report, which suggested that estimates for a 100,000 jobs gain in Friday's monthly Labor Department report could be on target.

Week of 10/02/2008 - AIA Advocate for Absolute Returns ::
When investors start to tiptoe back into the market following a scare, the first place they go is to high-yielding blue chip stocks. As a result, big stocks
http://www.investorsinsight.com/blogs/aia_advocate_for_absolute_returns/archive/2008/10/02/week-of-10-02-2008.aspx
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Ciena jumped 6% on upgrades from Merrill Lynch and Goldman Sachs following upbeat margin guidance from the company.

OUTPERFORMANCE WITH TECHNICAL ANALYSIS? - AN INTRADAY STUDY ON THE ::
File Format: PDF/Adobe Acrobat - View as HTMLYour browser may not have a PDF reader available. Google recommends visiting our text version of this document.We use intraday data of 18 blue chip stocks that are part of the Swiss .. Sideward moving market as in the. first half of the sample lead to too many
http://www.sbf.unisg.ch/org/sbf/web.nsf/SysWebRessources/AmmannRekatevonWyss04/$FILE/TechAnalysis.pdf
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cbs5.com - Dow Jones Industrial Average DJIA Up 500 Points After ::
Sep 30, 2008 Some lawmakers reported a shift in constituent calls pouring into their offices Tuesday after the record stock market decline.
http://cbs5.com/national/stocks.wall.street.2.828941.html
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Research In Motion was little changed on positive comments from Credit Suisse a day ahead of its quarterly earnings report.

Constant Contact soared 75% in its stock market debut.

Cree fell 11.5% on a downgrade.

The Nasdaq lost 17 to 2729, the S&P fell 7 to 1539, and the Dow lost 79 to 13,968. Volume declined to 3.02 billion shares on the NYSE, but rose to 1.92 billion on the Nasdaq. Decliners led by a 20-12 margin on the NYSE, and 18-11 on the Nasdaq. Downside volume was 62% on the NYSE, and 62% on the Nasdaq. New highs-new lows were 85-65 on the NYSE, and 147-62 on the Nasdaq.




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