Stocks fell sharply in the final trading hour, when investors got spooked by a Fitch report that outlined U.S. banks' exposure to contagion from European sovereign debt. Also, Italy's 10-year bond yield stayed above the 7%, following a lackluster reading on third-quarter eurozone economic growth. Tech stocks also closed in the red with Rambus led the decline slashing more than 60% following the decision by the Superior Court of the State of California ruled against the chip-technology company in a price-fixing case filed against Micron Technology Inc. and Hynix Semiconductor. Micron charged up more than 23%. Also, Dell lost 3.2% after stronger-than-expected earnings report and warning that its sales-growth outlook faces pressure. Autodesk was one of the top advancers rising 4.5% after better-than-expected results for its fiscal third quarter. Western Digital climbed 7% on reports that the European Commission was close to approving the disk-drive maker’s acquisition of Hitachi Ltd.’s hard-disk drive business. NetApp and Applied Materials each fell in the evening trade after the companies issued soft quarterly outlooks.NEAREST RESISTANCE LEVELS: 58.1, 58.3, 59.1, 59.3
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