TECH STOCKS: Year's Early Gains Gone - InformationWeek

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05:03 PM

TECH STOCKS: Year's Early Gains Gone

A new Commerce Department report showing a larger-than-expected trade deficit didn't help at all.

Our indexes continued their plunge Wednesday. A new Commerce Department report showing a larger-than-expected trade deficit didn't help much. The Nasdaq and the Dow have now erased the gains they made earlier this year.

Tech issues looked pretty grim. Siebel Systems fell 3.5%, or 42 cents, to $11.49; Intel fell 2.4%, or 67 cents, to $27.31; Microsoft fell 1.4%, or 35 cents, to $25.37; Computer Associates fell 1%, or 28 cents, to $26.77; and the Nasdaq-100 tracking stock fell 1.3%, or 47 cents, to $35.19.

At the bell, our InformationWeek 100 had lost 1.9%, or 6.16 points, to 317.72; and the Nasdaq index was down 1.6%, or 31.01 points, to 1,964.15, on heavy volume of 134 million shares. The Dow was down 1.5%, or 160.07 points, to 10,296.89; and the S&P 500 lost 1.5%, or 16.89 points, to 1,123.89.

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

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