The Traderszone Network

Published in TZ Latest News 4 June, 2015 by The TZ Newswire Staff

Indexes Plunge But Chipmakers Cavium, Ambarella Surge On Upgrades

Stocks slumped in rising trade as the major indexes suffered some technical damage Thursday. The Nasdaq lost 0.8%, while the S&P 500 and Dow Jones industrial average fell 0.9%. Preliminary numbers showed volume higher across the board. The S&P 500 closed below 2100 for the first time since May 13. The large-cap benchmark also slipped below its 50-day moving average.

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