A disappointing earnings report from chipmaker Micron Technologies triggered a market plunge. The Nasdaq was off 11.75 to 1776.43 by midafternoon, and the Dow, after a record close on Monday, slipped 21.67 to 8679.18. Micron whose US$48 million 2Q loss follows grim reports from major tech companies like Intel and Compaq, was down $2.18 at $31.56 by midday.
Market Update
A disappointing earnings report from chipmaker Micron Technologies triggered a market plunge. The Nasdaq was off 11.75 to 1776.43 by midafternoon, and the Dow, after a record close on Monday, slipped 21.67 to 8679.18. Micron whose US$48 million 2Q loss follows grim reports from major tech companies like Intel and Compaq, was down $2.18 at $31.56 by midday.
