Sagging bonds and some unsatisfactory earnings news set Wall Street up for an uninspired day. The Dow fell 26.77, to 7970.06; the Nasdaq climbed 7.91, to 1697.36. Micron took a beating, down about 8 percent to US$37.06. Its quarterly earnings nearly quadrupled, but analysts expected better results and say a chip glut could cut further into growth. Delta warned investors that it's likely to announce lower-than-expected earnings, and the airline's stock dropped $4.34 to $102.06 on the news.
Dow Down; Nasdaq Up
Sagging bonds and some unsatisfactory earnings news set Wall Street up for an uninspired day. The Dow fell 26.77, to 7970.06; the Nasdaq climbed 7.91, to 1697.36. Micron took a beating, down about 8 percent to US$37.06. Its quarterly earnings nearly quadrupled, but analysts expected better results and say a chip glut could cut further into growth. Delta warned investors that it's likely to announce lower-than-expected earnings, and the airline's stock dropped $4.34 to $102.06 on the news.
