Stocks ended mixed as investors weighed the latest corporate results against global economic and debt concerns. Weakness in tech stocks dragged the broader market down. Dell plunged 10% after issuing a disappointing sales outlook late Tuesday, while rival Hewlett-Packard slipped by 3.7% on a broker downgrade. Cisco and Intel both lost about 1%. NetApp and JDSU dropped after-hours as investors who found disappointing figures in both of the technology suppliers’ financial updates. Implied volatility inched lower on moderate trading volumes.
Thursday, August 18, 2011
Slipped on Dell and HPQ weakness
Stocks ended mixed as investors weighed the latest corporate results against global economic and debt concerns. Weakness in tech stocks dragged the broader market down. Dell plunged 10% after issuing a disappointing sales outlook late Tuesday, while rival Hewlett-Packard slipped by 3.7% on a broker downgrade. Cisco and Intel both lost about 1%. NetApp and JDSU dropped after-hours as investors who found disappointing figures in both of the technology suppliers’ financial updates. Implied volatility inched lower on moderate trading volumes.
