TECH STOCKS: Not Much MovementTECH STOCKS: Not Much Movement

Technology issues outpaced the broader markets, but neither budged much.

David Ewalt, Contributor

July 9, 2003

1 Min Read
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U.S. markets were mixed Wednesday as blue chips drove down the Dow, with much of the negative action spurred by rumors that tobacco company Altria is about to get hit with a loss in a multibillion-dollar class-action suit. But tech sectors fared a little better, and a surge of buying late in the day helped those indexes finish in the black.

Motorola (MOT) rose 3.9%, or 38 cents, to $10.25; Intel (INTC) rose 1.4%, or 33 cents, to $23.48; Palm (PALM) rose 1.2%, or 21 cents, to $17.30; Siebel Systems (SEBL) rose 0.4%, or 4 cents, to $10.25; Oracle (ORCL) fell 0.5%, or 6 cents, to $12.67; Microsoft (MSFT) fell 0.8%, or 23 cents, to $27.47, and Dell Computer (DELL) fell 1.8%, or 62 cents, to $33.17.

For the day, the Nasdaq index rose 0.06%, or 1 point, to 1,747.46, and the information 100 rose 0.87%, or 2.32 points, to 268.44. The Nasdaq-100 tracking stock fell 0.22%, or 7 cents, to $32.21, on volume of 89 million shares. The Dow industrials fell 0.73%, or 66.88 points, to 9,156.21, and the S&P 500 fell 0.56%, or 5.63 points, to 1,002.21.

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