Midday Leaders and Laggards: Nasdaq 100
By
Associated Press
May 13, 2008
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The Nasdaq 100 slipped in midday trading Tuesday after government data showed retail sales fell again in April and Federal Reserve Chairman Ben Bernanke said the credit crisis is "still far from over."
The index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, fell 10.79 points to 1,986.23 in midday trading. The broader Nasdaq composite fell 11.46 points to 2,477.03.
Helping to lead the decline were shares of Cognizant Technology Solutions Corp., which fell 86 cents, or 2.9 percent, to $29.31.
Shares of Sun Microsystems Inc. lost 31 cents, or 2.3 percent, to $12.99.
Shares of Monster energy-drink maker Hansen Natural Corp. slipped $1.11, or 3.7 percent, to $29.13.
On the gaining side, shares of Foster Wheeler Ltd. gained $4.66, or 6.8 percent, to $73.56.
Shares of Marvell Technology Group Ltd. rose 48 cents, or 3.5 percent, to $14.18.
Shares of Dish Network Corp. rose $1.08, or 3.6 percent, to $31.53. The satellite TV operator said Monday its first-quarter profit jumped 65 percent.
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