Pulse: E-Tailers Get Coal in Stocking; Nazz Losing Streak Hits Five Days

Will there be a Fed interest-rate cut tomorrow? Tech stocks aren't behaving as if they believe it. Led south by Cisco Systems(CSCO Quote) and e-commerce stocks, the Nasdaq dropped for the fifth consecutive session.

Most of the tech indices were down. TheStreet.com E-commerce Index dropped 7.8%, after eToys'(ETYS Quote) warning Friday that revenue for the quarter would be a little more than half its earlier estimates. The warning brought a handful of downgrades for e-tailers and a lot of pessimism to the sector. Amazon (AMZN Quote) closed the day down 13.1%

Net/Tech Indices INDEX CHANGE % VALUE TSC Internet 18.18 -4.81% 359.52 TSC E-Commerce 1.53 -7.84% 17.98 TSC E-Finance 0.83 -2.73% 29.54 Nasdaq 28.74 -1.08% 2624.53

...