Stocks ended a choppy session lower as investors remain focused on oil prices and the debt crisis in Europe. Tech stocks posted broad losses highlighted by a decline in Yahoo, which said it was in talks to resolve a dispute with Alibaba. Intel was the only outperforming tech bellwether, rising 1%. Hewlett-Packard dropped 4.8% in the evening trading after warning about “tough” current quarter. Implied volatility spiked to the 17.54 level on huge trading volumes.
Tuesday, May 17, 2011
Ended lower
Stocks ended a choppy session lower as investors remain focused on oil prices and the debt crisis in Europe. Tech stocks posted broad losses highlighted by a decline in Yahoo, which said it was in talks to resolve a dispute with Alibaba. Intel was the only outperforming tech bellwether, rising 1%. Hewlett-Packard dropped 4.8% in the evening trading after warning about “tough” current quarter. Implied volatility spiked to the 17.54 level on huge trading volumes.
