Thursday, January 15, 2009

Plunged on weak retail sales

Shares of smart-phone maker Palm fell 15%, while chip manufacturer Advanced Micro Devices sank 10%. Among Internet-related companies, EBAY and AMAZON were very weak. A rare bright spot was Yahoo.The tech sector badly needs positive earnings news to turn higher.
2:10 am ET NASDAQ Futures: -17.50 1148.00