|
|
Sloppy stocks...I-S-M surprises...Cisco after the close....
New York-AP -- Stock prices are lower at midday on Wall Street. The Dow Jones industrial average is down 59 points at 91-hundred-26. Decliners on the New York Stock Exchange hold a three-to-two lead over advancers.
The Nasdaq Composite Index has lost nearly 16 points at 16-hundred-98.
And the Standard-and Poor's 500 Stock Index is down six and three-quarter points at 976.
Trading on the New York Stock Exchange during the first two hours totaled 419 (m) million shares. Volume on the Nasdaq Market came to 611 (m) million shares.
Sellers are prevailing in the stock market despite a stronger-than-expected report from the Institute for Supply Management on the nation's services sector. The reading of the non-manufacturing sector rose to 65-point-one in July, showing the fourth straight month of growth.
Trading volume in the market is fairly light once again, as can be typical of the summertime.
Technology investors await earnings due after the closing bell from Cisco Systems, the leading maker of computer networking equipment.
Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
|
|
|
