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THE REAL MOST ACTIVE Nasdaq Tumbles 2.3% To Six-Year Closing Low.(B)
Byline: CRAIG SHAW
The Nasdaq fell 2.3% Monday as weak manufacturing data fanned fears about corporate profits. The index pared intraday losses, but still posted a six-year closing low. Trade picked up from Friday.
Retailers had a dismal day. J. Jill Group plunged below its 200-day moving average, losing 2.33 to 17.42. Volume surged to nearly three times average. The women's apparel chain has posted losses for five straight weeks since approaching its 52-week high. It now lies 36% off that mark.
Pacific Sunwear took out both its 50- and 200-day lines. It gapped down 1.54 to 20.36 on more than twice normal trade. The seller of teen and young-adult casual wear has lost more than 12% in two days.
Generic drug maker Teva Pharmaceutical recovered from intraday losses of nearly 5% to close near the top of its range, down 1.18, or 1.7%, at 67. Volume topped 1.6 million shares, twice its 50-day average. The Israeli firm reversed off a new high Friday.
Flir Systems dived 2.66, or 7%, to 34.99 on its heaviest trade since May. It's 41% off its high.
The maker of infrared imaging systems said it had settled an ...
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