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Tech stocks were tumbling with the rest of the market indices, with the Nasdaq shedding 2%, as concern over the financial-services sector continued to weigh heavily on investors.
Shares of Broadcom(BRCM Quote) were down 4.3% to $26.25 after it agreed to buy the digital TV segment of Advanced Micro Devices(AMD Quote) for $192.8 million in cash. AMD, meanwhile, benefited from the news, with its stock climbing 2.9% to $5.98.
Intuit's(INTU Quote) shares slipped 2.5% to $30.39 after UBS raised its price target to $34 from $33 but lowered its earnings-per-share outlook for 2009 to $1.89 from $1.93. The stock got a boost on Friday after posting fourth-quarter results in line with Wall Street estimates. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
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UP
65.67
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UP
4.06
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DOWN
0.55
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UP
0.58
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10 Yr
3.54%
SPDR Gold
109.32
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+0.63%
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+0.37%
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-0.03%
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+1.67%
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