The Traderszone Network

Published in TZ Latest News 10 October, 2014 by The TZ Newswire Staff

Nasdaq Leads Market Lower As Chip News Triggers Selling

Stocks started on separate paths Friday, as the S&P 500 rose and the Nasdaq fell, but by the close both indexes were in the red. The Nasdaq axed off 2.3%, while the S&P 500 lost 1.1%. The IBD 50 severed 2.9%. Volume rose across the board. The difference for the indexes was tied to the slaughter in semiconductor stocks, most of which are listed on the Nasdaq.

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