Thursday, January 28, 2010

Markets down as durable goods orders disappoint. Tech orders especially weak.

US stocks are down today, with the DJIA off 1.5% and the Nasdaq off 2.4%. Apple's (AAPL) heavy weighting is hurting the tech indexes, as its shares are off 4% today, giving back yesterday afternoon's post-iPad gains.

Durable goods orders for December came in at +.3%, a far cry from the estimated +2%.

Especially weak were aircraft orders and computer-related orders, which might be why tech shares are off much more than other sectors today.



No comments:

Post a Comment