The market has been hammered all day long. The weakness was contributed from the missed earning estimates of bellwether companies like (YHOO) and (INTC). Added the down injuries, (INTC) guided its quater downward. Volume has picked tremendously from yesterday. Most of the volumes came from (INTC) and (YHOO). (INTC) traded 5 times the normal to 204 millions by 1:30pm EST shares as compared to the typical 54 millions. The same for (YHOO), it traded about 84 millions as compared to the typical 20 millions. Those stocks along accounted for over 20% of the Nasdaq trading volumes. The Nasdaq index was down about -30, again mostly from (INTC), and (YHOO).
Stocks Moving Up:
(LCC), Airlines rebounded.
(CRMS), Launch of AppExchange, a new program
(AIT), shares buyback program by the company.
Stocks Moving Down:
(INTC), missed earning estimate.
(YHOO), missed earning estimate.
(LIFC), down after recent gains.
(GOOG), same industry as (YHOO)
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