Exactly HOW does Intel "weigh" on the market? Gotta love how they say that and then give absolutely no explanation.
Nasdaq Down More Than 1 Pct. Intel Weighs
Friday March 11, 3:17 pm ET
NEW YORK (Reuters) - The technology-heavy Nasdaq Composite Index (NasdaqSC:^IXIC - News) fell more than 1 percent late on Friday afternoon as Intel Corp. (NasdaqNM:INTC - News), the world's largest chip maker, dragged on the index.
Intel was down 2.6 percent at $24.20. The drop came a day after Intel forecast improving profit margins and a revenue outlook that topped the average estimate of Wall Street analysts.
The Nasdaq was down 20.94 points, or 1.02 percent, at 2,038.78. The Dow Jones industrial average (^DJI - News) was down 82.69 points, or 0.76 percent, at 10,768.82. The Standard & Poor's 500 Index (CBOE:^SPX - News) was down 9.84 points, or 0.81 percent, at 1,199.41. |
