The market finished in the red amid a lack of positive headlines and continued uncertainty in the financial system. Semiconductors staged a late rally. Intel rose 3%, Advanced Micro Devices - 5% and Applied Materials - 8%. International Data Corp. said it now expects information-technology spending in 2009 to grow by only 0.5% year over year. Yahoo was down 2% amid rerganization rumors. The technical chart indicates the market is wating for clear direction.
Thursday, February 26, 2009
Looking for clear direction
The market finished in the red amid a lack of positive headlines and continued uncertainty in the financial system. Semiconductors staged a late rally. Intel rose 3%, Advanced Micro Devices - 5% and Applied Materials - 8%. International Data Corp. said it now expects information-technology spending in 2009 to grow by only 0.5% year over year. Yahoo was down 2% amid rerganization rumors. The technical chart indicates the market is wating for clear direction.
