Updated from 4:05 p.m. EDTStocks ended lower Tuesday, as terrorist attacks in the Middle East and negative analyst comments gave investors a reason to take some money off the table after a two-day rally. The Dow Jones Industrial Average ended down 47 points at 8679, while the Nasdaq fell almost 2 points to 1539. The S&P 500 shed 3 points to 942. Over the past two days, the Dow had climbed 235 points, or almost 3%, while the Nasdaq had jumped 52 points, or 3.5%. "I just think we've come a long way and are taking a breather," said Peter Blatchford, trader at Miller Tabak & Co. "We've pretty much shrugged off the events in Saudi Arabia." Dozens of people were killed, including seven Americans, in explosions at a residential compound that housed Westerners in Riyadh. Secretary of State Colin Powell condemned what he termed terrorist attacks that had "earmarks" of al Qaeda. "The bombing in Saudi Arabia, the
Martha Stewart, the chief executive of Martha Stewart Living ( MSO), is in settlement talks with the Justice Department after prosecutors supposedly ran into difficulties proving allegations of insider trading against her, the Financial Times reported. Shares were up 14% at $10.65. Qwest ( Q) founder and former Chairman Philip Anschutz will pay $4.4 million to settle charges that he received IPO shares in exchange for his firm's investment banking business, according to New York state attorney general Eliot Spitzer. Qwest was down 1.7% at $4.49. Avanex ( AVNX) surged 143% to $2.93 after the maker of fiber-optic products agreed to buy Alcatel ( ALA) and Corning's ( GLW) optical-components units for $63.5 million in stock to broaden its line of technologies. The dollar stemmed its slide against the euro after reaching its lowest level in four years early Monday. But it lost ground against the yen. Overseas markets were mixed, with London's FTSE 100 up 0.3% at 3999 and Germany's Xetra DAX down 0.9% at 2909. In Asia, Japan's Nikkei closed 0.4% lower at 8190, while Hong Kong's Hang Seng shed 0.4% to 9119. Treasuries were a touch lower, with the yield on the 10-year note rising to 3.62%. Crude oil prices for June delivery rose following the suicide attack. Stocks surged Monday, with the Dow gaining 122 points, or 1.4%, to 8726. The S&P 500 rose 11 points, or 1.3%, to 945, its highest level in more than eight months, while the Nasdaq gained 21 points, or 1.4%, to 1541.