Nasdaq Loses In Mixed Market
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Technology stocks were mixed Monday with Nasdaq issues falling overall, erasing Friday’s gains. Nasdaq issue JDS Uniphase plummeted 13 7/16 after it agreed to acquire SDL for $41 billion in stock. In contrast, SDL rose 30 9/16 to 325 7/8. The Nasdaq closed under 4000 at 3980.29, down 42.91. The Dow gained 10.60 closing at 10646.58 mostly due to strength from Alcoa, the first Dow stock to announce its quarterly earnings which were better than expected.