Indexes Notch Weekly Losses
The major markets notched weekly losses this week. Today, the technology
sector led the stock markets, with the Nasdaq being the only major index closing
in the green. Underlying negative U.S. economic sentiment helped to propel the
losses, while crude prices bounced massively.
CNet Networks
(
CNET |
Quote |
Chart |
News |
PowerRating) rallied over 4% on speculation that
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) is interested in purchasing a stake in the company.
McAfee
(
MFE |
Quote |
Chart |
News |
PowerRating) rallied 8% after the company reported profit losses
that were better than anaylsts were expecting (full
story).
Alcatel-Lucent
(
ALU |
Quote |
Chart |
News |
PowerRating) fell over 4% after warning about possible Q1
losses, despite a better Q4 revenue than expected (full
story).
Imperial Sugar
(
IPSU |
Quote |
Chart |
News |
PowerRating) sank 10% after a major explosion at one of
the company’s refineries (full
story).
Gold futures rallied just over 1%, on inflationary worries. Crude oil rallied
over 4% today after announcements that Nigerian pipeline damages would reduce
exports from that country.
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