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The Night Watch: Traders Snooze Through Late Session

Widely held tech names dominate quiet trading. Oracle and WorldCom inch higher.

The extended session was a sluggish continuation of regular trading Wednesday as the lack of news prevented any breakout moves.

As is usually the case on slow news days, widely held technology issues dominated the Instinet leader board after the 4 p.m. EST close of the regular session. Overall, volume was light. In the first half-hour of late trading on Instinet, around 1.5 million shares changed hands among the top 20 volume movers.


(CSCO) - Get Cisco Systems, Inc. Report

was the volume leader, dropping 0.2% to $19.20.


(ORCL) - Get Oracle Corporation Report

was up 0.1% to $14.



was up 0.3% at $14.55, and


(INTC) - Get Intel Corporation (INTC) Report

was slipping 0.1% to $32.98.

Axcelis Technologies

(ACLS) - Get Axcelis Technologies, Inc. Report

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was one of the late session's biggest losers, shedding 2.5% at $12.87.



was seeing some action, giving back 1.6% to $12 after the close.

Network Associates


was one of the big winners, climbing 2% to $25.48.

Siebel Systems


was up 0.1% to $29.27, and


(MSFT) - Get Microsoft Corporation (MSFT) Report

was tacking on 0.1% to $67.11.

Sun Micro

(SUNW) - Get Sunworks, Inc. Report


JDS Uniphase


were flat.

The index tracking stocks were fractionally higher. The

Nasdaq 100 Tracking Stock

(QQQ) - Get Invesco QQQ Trust Report

was up 0.1% to $40.15, and the

S&P 500 Depositary Receipts

(SPY) - Get SPDR S&P 500 ETF Trust Report

were gaining 0.1% to $115.66.