A surprisingly lower earnings report from computer stalwart Dell triggered selling across tech names. Euro chief, Jean Claude Trichet, made insinuations toward removing government credit aid, sending waves of trepidation through the world's economies. Despite a strong late day bargain hunter fueled surge, stocks closed in negative territory for the session. The DJIA gave back -14.28 to 10318.16, the Nasdaq dropped -11.92 to 2146.04, and the S&P 00 gave back -3.52 to 1091.38.
Dell ( DELL | Quote | Chart | News | PowerRating): Was among the largest losers in the S&P 500 as a sharply lower 3rd quarter earnings report sent shares down by 9.70% or $1.54 to $14.33.
JM Smucker ( SJM | Quote | Chart | News | PowerRating): Led the S&P 500 higher after posting fiscal second quarter earnings beating most analyst estimates. Share added 5.42% or $2.90 to $56.38.
Merck ( MRK | Quote | Chart | News | PowerRating): Approval recommendation by a European agency of its Elonva medication lifted shares by 3.26% or $1.15 to $36.48.
DR Horton ( DHI | Quote | Chart | News | PowerRating): The second largest U.S. homebuilder fell 15.10% or $1.85 to $10.40/share after posting a wider loss than expected.
Oil fell 74 cents to $76.72, gold added $6.60 to $1149.00 and the fear index VIX fell 1.94% to 22.190.
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