Most Nasdaq stocks tumbled today, as the index fell more than
1% for just the second time in the past six weeks.
were the main culprits. The two tech stocks that comprise roughly
44% of the entire Nasdaq fell a combined 23 points today,
accounting for the vast majority of the index's slide.
Apple alone fell nearly 18 points, a 2.6% drop-off, after
reaching an all-time high last week. Google pulled back a bit
after breaking the $700-a-share mark last week for the first time
in nearly five years.
Here were three other Nasdaq stocks that had rough starts to
The chip-making giant was down close to 4% today after lowering
its revenue forecast for the current quarter. The rise of
smartphones and electronic tablets is hurting Intel's earnings,
as the company does not yet provide services for mobile
Cisco Systems (
Cisco pulled back 2.1% today after popping 5% at the end of
last week. The decline seemed like more of a correction than
anything after the initial fervor over the company upped its
dividend 75% on Friday.
This also looks like a correction. Priceline shares fell 2.1%
today after the stock jumped 4.5% at the end of last week. The
stock is still up 25% this year, so today's pullback is just a
blip on the radar screen.
Like Apple and Google, however, it seems that today's down day
for Nasdaq stocks can largely be chalked up as a broad correction
for an index that reached a
late last week.