Hewlett-Packard's plans for its own version of Java put the pressure on technology stocks and helped send the Nasdaq down 6.33 to 1793.65 at midday. Hewlett-Packard opened at US$64 and had dropped to $62.44. Java creator Sun Microsystems was down on the rift-opening news, as was Microsoft, which has its own designs on the language. Volatile trading on the Dow amid the "triple-witching" expiration of options and futures saw the index surging toward a fifth-straight record day, up 58.29 at 8861.34 at midday.
Market Update
Hewlett-Packard's plans for its own version of Java put the pressure on technology stocks and helped send the Nasdaq down 6.33 to 1793.65 at midday. Hewlett-Packard opened at US$64 and had dropped to $62.44. Java creator Sun Microsystems was down on the rift-opening news, as was Microsoft, which has its own designs on the language. Volatile trading on the Dow amid the "triple-witching" expiration of options and futures saw the index surging toward a fifth-straight record day, up 58.29 at 8861.34 at midday.
