(Updated from 6:27 p.m. EDT)
When news begins to taper, trading activity does too. With few companies making headlines tonight, activity on the after-hours market is thin.
Maybe, investors are just ready for a break. After all, this week has been rocky. Amid Mideast violence, surging oil prices, and profit warnings, the
Dow Jones Industrial Average plunged 379.21 points and the
Nasdaq Composite Index dropped 93.81 points yesterday. Today, the market fought back. The Dow climbed 158 points and Nasdaq boosted 242 points.
Perhaps, the worst is over. "We just witnessed the worst confession season all year," said Joseph Kalinowski, market strategist at
. "But, the dirty laundry is out already and technology stocks are ready for a rebound."
The most active stocks tonight on
ECN are tech issues
In twilight action, Microsoft, which posts earnings on Wednesday, edged up 50 cents, or 0.93%, to $54.25 on
and lifted 25 cents, or 0.5%, to $54 on
. The software firm closed the regular session down 63 cents, or 1.15%, to $53.75.
On the heels of a chipmaker rally today, Intel was ahead 14 cents, or 0.33%, to $40.51 on Island and up 19 cents, or 0.5%, to $40.56 on Instinet. The semiconductor giant gained $3.75, or 8.75%, to $40.38 in the regular session. Cisco shed 20 cents, or 0.36%, to $55.86 on Island and lowered 25 cents, or 0.4%, to $55.81 on Instinet. Today, the stock jumped $6.25, or 12.55%, to $56.06.
gained in evening activity. The online advertiser rose 4 cents, or 0.34%, to $12.48 on Island but lifted 5 cents or 0.4%, to $12.48 on Instinet. Today, DoubleClick plummeted $5.69, or 31.38%, to $12.44.
Last night, DoubleClick posted a 3-cent profit, in line with analysts' estimates and above the year-ago 3-cent loss. But the online advertising firm said that it was disappointed with the performance of its
data unit and was planning to take steps to restructure operations within the division.
, which popped $28.88, or 14.46%, to $228.50, gained $1.94, or 0.85%, to $230.94 on Island. Yesterday evening, Juniper announced third-quarter earnings of 17 cents a share, surpassing the 9-cent Wall Street target and the year-ago break-even result.
This information is provided by Instinet, a wholly owned subsidiary of Reuters (RTRSY) . For further information, please contact Instinet at www.instinet.com.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EDT.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.