The NASDAQ index traded sideways for much of the session. Stocks managed gains after lawmakers said compromise on economic aid package has been reached. Technology stocks battled against heavy market headwinds as Research In Motion dropped 15% after a profit warning. The sector was boosted late in the day by gains from Microsoft, ORCL, IBM, etc. Apple finished in the red.The market is poised to recover in the short-term.
Thursday, February 12, 2009
Struggled for a bottom
The NASDAQ index traded sideways for much of the session. Stocks managed gains after lawmakers said compromise on economic aid package has been reached. Technology stocks battled against heavy market headwinds as Research In Motion dropped 15% after a profit warning. The sector was boosted late in the day by gains from Microsoft, ORCL, IBM, etc. Apple finished in the red.The market is poised to recover in the short-term.
