The NASDAQ composite is on track to drop over 2% this week as momentum names lose momentum. Small cap companies and the Russell indices continue to experience more selling in the absence of any major economic reports. However, the same isn't true for Gap Stores, which is rising on better-than-expected April sales. Internet advertising company Rocket Fuel dropped over 25% after it gave weak guidance and fed internet fears for investors. The Dow has trimmed its losses.

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