Tuesday, December 2, 2008

Plunged on broad-based selling

Semiconductors led the tech sector lower as the Semiconductor Industry Association reported a 2% year-over-year drop in chip sales in October. Online retailers were weak on mixed reports about the start of the holiday shopping season. We expect more weakness today and tomorrow.
Current (3:00 am ET) NASDAQ Futures: +1.00 1095.50