Rambus Puts Rise; Stocks Stay Mixed
Cyclicals helped move the Dow and S&P 500 higher Tuesday, but weakness in
select Nets and chips weighed on the Nasdaq. Top-performing sectors were oil
services, forest and paper products, and broker/dealers. On the downside were
semiconductors and Internets.
By the close, the VIX had decreased .49 to 22.39.
The OEX 810 calls ended down 1/4 to 6 1/2.
Among bigger movers on heavier-than-average volume:
PowerRating) continued its selloff, falling 5 7/16 to 95 11/16
following its Monday announcement to merge with SDL Inc. The JDSU July 100 calls
plunged 3 9/16 to 2 11/16 on more than 5000 contracts.
Brokerages continued to show strength, as Paine Webber
PowerRating) added 3
13/16 to 49 15/16. The Paine Webber July 50 calls rose 1 1/2 to 2 1/8 on nearly