This Internet Retailer Had Big Numbers…So Why Did The Stock Drop?
The employment picture was slightly brighter
before the open, with jobless claims plunging to 378,000 from a revised 438,000.
After an early run-up, all the indices wound up in the red. In light trading,
the Dow lost 15.50 to close at 8432.61, teh Nasdaq fell 4.58, closing at
1367.89, and the S&P lost 2.81 to close at 899.66.
Wal-Mart
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outlook.The Wall Street Journal reported that 2002 is the worst
shopping season in 30 years. Internet retailers got hammered even though
Amazon.com
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history. Amazon close at 20.30, down 1.58. eBay
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Sharper Image
(
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“robust.” SHRP closed at 18.54, up 2.79.
War fears sent gold and crude oil up again today, with gold closing at $350, at
and February crude at $32.36.
Consumer electronics were strong, with Best Buy (BBY)
up .81 to 23.30 and Radio Shack
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The drug sector was weak after The New England
Journal of Medicine reported that Pharmacia’s (PHA) Celebrex can cause more
bleeding in patients who have ulcers. PHA closed at 40.98 down 2.02. Pfizer
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fell in sympathy, to 30.02, down 1.36.
A report in The Wall Street Journal
report says that some analysts think Motorola (MOT) will rival Nokia (NOK) for
wireless market-share leader in North America by the end of the year. MOT is
closed at 8.95, up .21, and NOK closed at 15.93, up .16.
Philip Morris (MO) gained after a smoker agreed
to accept reduced damages claim. MO closed at 41.80, up .32.