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Waiting For Intel

There was little movement in the markets as investors sat on the sidelines waiting for Intel's 2Q financials after the bell.

George V. Hulme

July 13, 2004

1 Min Read

Stocks ended mixed on Tuesday on low trading volume as investors remained on the sidelines awaiting Intel's scheduled after-hours earnings conference call.

Technology stocks were down for the day. Our InformationWeek 100 fell 2.99 points, or 1.01%, to close at 293.13. The Nasdaq also ended lower, falling 5.26, or 0.3%, to 1,931.66.

The Dow industrials rose 9.37, or 0.1%, to 10,247.59, while the S&P 500 also rose slightly, gaining 0.79, or 0.1%, to 1,115.14. The Nasdaq 100 tracking stock slipped 0.003 cents, or 0.01%, to close at $35.597 on lower-than-average volume of nearly 75 million shares.

After the bell, Intel reported that its second-quarter earnings jumped 96% on stronger-than-expected demand for the flash memory chips used in cellular phones. For the three months ended June 26, Intel earned $1.8 billion, or 27 cents per share, compared with $896 million, or 14 cents per share, in the same period last year. Sales increased 18% to $8.05 billion.

See the full listing of all the companies in the InformationWeek 100 and the top 5 percentage winners and losers for the last closing at informationweek.com/stocks.

About the Author(s)

George V. Hulme

Contributor

An award winning writer and journalist, for more than 20 years George Hulme has written about business, technology, and IT security topics. He currently freelances for a wide range of publications, and is security blogger at InformationWeek.com.

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