The Dow Jones Industrial Average slid well into negative territory after bouncing around over the break-even line most of the day. It ended off 39 to 10,808.


Nasdaq followed the Dow's lead after making some earlier gains and was off 63 to 3741.

Earlier today, it had looked like tech stocks were rebounding after the pummeling they received following


(INTC) - Get Report

earnings warning last week. Intel ended 5.4% lower to $45.38. Other tech blue-chips also weighed down the Dow, with





(IBM) - Get Report



(MSFT) - Get Report

all on the negative side.

The Dow was almost evenly divided on positives and negatives, so tech stocks weren't completely to blame for the fall-off.

Home Depot

(HD) - Get Report

was down $1.44 to $54.50, after

Chase Hambrecht & Quist

cut the stock's price target to $65 from $70. Home Depot also declined to comment on rumors that it was making a bid for all or part of British retailer



Meanwhile, the Nasdaq was getting negative pull from

Cell Pathways


, after U.S. regulators said that they would not approve its lead drug Aptosyn, which is used to treat a severe hereditary form of colon polyps. It sank 69%, losing $20.69 to $9.31. Also,

Oratec Interventions


tumbled after it warned that its third-quarter earnings would not meet expectations.

Even as the Comp continued to slide, some tech heavyweights, including


(AAPL) - Get Report



(ORCL) - Get Report



(EBAY) - Get Report


TheStreet Recommends

Sun Microsystems

(SUNW) - Get Report

, held steady on the upside, countering the downward momentum.

Sector Watch

Semiconductors reeled from last week's earnings warning from


(INTC) - Get Report



Philadelphia Stock Exchange Semiconductor Index

was down 5%. Components


(ALTR) - Get Report


Texas Instruments

(TXN) - Get Report



(XLNX) - Get Report

were all feeling sympathy pains.

The comeback kid seemed to be the

Philadelphia Stock Exchange Oil Service Index

, which was up 0.7%. At midsession, the sector had been down about 2%. It was getting some lift off components

Weatherford International

(WFT) - Get Report



(TDW) - Get Report


Cooper Cameron



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Treasuries are under pressure following a stronger-than-expected

existing home sales


definition |

chart |


) report.

In addition, foreign governments that participated in Friday's

joint intervention in the currency market to boost the value of the euro are thought to be liquidating Treasuries to finance those purchases, which will settle this week. Treasuries are a main asset of central banks.

The benchmark 10-year note lately unchanged at 99 9/32, yielding 5.846%.