Business
Investor Midday: Nasdaq still red
Technology stocks were still sullen at midday as signs of weakness in Europe outweighed the day's good news. The Nasdaq slipped 1.
Technology stocks were still sullen at midday as signs of weakness in Europe outweighed the day's good news.
The Nasdaq slipped 1.75 points to 1,852.38, and the Dow Jones industrial average gained 39.69 points to 9,825.04. The Inter@ctive Week @Net Index fell 24 points to 163.89.
The Nasdaq remained stuck in the red following a steep decline on Nortel Networks (nt) and Palm (palm) warnings Wednesday. By midday Thursday, Nortel was still down 25 cents to $13.75, while Palm rose 16 cents to $8.22. Full story--Tiffany Kary, ZDII