Stocks fell, extending last week’s losses, following a major selloff in Europe on Monday. The long-running debt crisis in Europe, which appears to be spreading from Greece to Italy and other nations, continued to weigh on U.S. markets. Tech stocks closed mostly lower, swept down in a broad market selloff. Also, J.P. Morgan analyst warned of “sustained weakness” in PC shipments and softening demand in the corporate technology market in Europe and the U.S. Dell rallied after losses early in the session to close up 0.1%. SanDisk and Micron posted solid gains after Bernstein Research analyst named the two memory chip makers as among the firms well positioned to gain from the growth of the solid state driver market. Implied volatility inched higher on modest trading volumes.
Wednesday, September 7, 2011
Little changed
Stocks fell, extending last week’s losses, following a major selloff in Europe on Monday. The long-running debt crisis in Europe, which appears to be spreading from Greece to Italy and other nations, continued to weigh on U.S. markets. Tech stocks closed mostly lower, swept down in a broad market selloff. Also, J.P. Morgan analyst warned of “sustained weakness” in PC shipments and softening demand in the corporate technology market in Europe and the U.S. Dell rallied after losses early in the session to close up 0.1%. SanDisk and Micron posted solid gains after Bernstein Research analyst named the two memory chip makers as among the firms well positioned to gain from the growth of the solid state driver market. Implied volatility inched higher on modest trading volumes.
