Technology stocks fell Wednesday, dragged down by a diseased benefit news from a business program builder Oracle Corp.
Broad marketplace indexes were flat. The Dow Jones industrial average eked out a benefit of 4 points after carrying been down 104 points during midday.
Technology bonds in a Standard & Poor's 500 index fell 2 percent. Oracle plunged 12 percent after a business program association pronounced it was struggling to tighten deals.
The singular benefit skip by Oracle seemed to strengthen worries that businesses and a supervision competence cut behind on record spending. Especially worrying was a diseased 2 percent benefit in new program licenses, a pivotal pointer of direct from other businesses. Oracle had likely gains of as most as 16 percent.
Those worries harm other large technology companies. IBM Corp. was by distant a biggest crook in a Dow, descending 3.1 percent to $181.47. A splendid mark was a BlackBerry builder Research In Motion Ltd., that jumped 10 percent to $13.78 on rumors that it competence be a takeover target.
Investors also had some-more to worry about from Europe. New information showed endless lending from a European Central Bank to European banks. The initial greeting to a $639 billion in lending by a ECB was positive, though afterwards worry set in that Europe's banks indispensable so most assistance in a initial place.
"Long-term, people were a small bit endangered that banks indispensable some-more income than we suspicion they did," pronounced Joe Bell, a comparison equity researcher with Schaeffer's Investment Research.
The Dow edged adult 4.16 points, reduction than 0.1 percent, to tighten during 12,107.74. On Tuesday a Dow jumped 337 â" a biggest benefit this month â" on a clever bond sale in Spain and a swell in new home construction in a U.S.
The Standard & Poor's 500 rose 2.42 points, or 0.2 percent, to 1,243.72. Outside of a 2 percent decrease for record companies, prices rose or were prosaic in a rest of a S&P 500's 10 sectors.
The Nasdaq combination fell 25.76 points, or 1 percent, to 2,577.97.
Consumer staples rose with assistance from a 1.7 percent boost by Coca-Cola Co. and a benefit of 1.2 percent during Kraft.
Nike Inc. rose 2.9 percent after stating clever direct and aloft prices for a boots and clothing.
Volume was most reduce than common during 3.5 billion shares, that can make prices some-more volatile.
Many investors are on a sidelines since they're disturbed that a retrogression in Europe would harm U.S. companies, pronounced Bernie Kavanagh, clamp boss for portfolio government during Stifel Nicolaus.
"Any spirit of certain data, we consider we have a intensity for a flattering good rally," possibly before a finish of this year or early in 2012, Kavanagh said.
News referensi http://news.yahoo.com/stocks-end-mixed-oracle-miss-drags-down-tech-214918649.html
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2:22 AM Friday, December 23, 2011