THE REAL MOST ACTIVE Strong Profits Don't Help Some Nasdaq Names.(B)

Byline: CHRISTINA WISE

The Nasdaq sank Wednesday morning, then spent the rest of the day recovering lost ground. After popping briefly above water, the composite index finished with a 0.6% loss.

Last week Overture Services shares jumped more than 30% on news of a healthy quarterly profit and a deal with Yahoo. On Wednesday the stock gave it all back plus some more, plunging 12.20 points, or 36%, to 21.99. Trade was more than eight times heavier than usual.

Late Tuesday, the Internet search service raised its 2002 earnings outlook and said its distribution relationship with America Online had expired. On Wednesday, AOL said it will use Google as a search engine for its Web sites.

Meanwhile, Amerigroup tumbled 1.85 to 28.70, stopping just above its 50-day moving average. Volume swelled to more than five times its average level.

The drop came even though earlier in the week, the health care provider topped the Street's first-quarter earnings estimates. The stock went public at $17 a share in November.

Estimate-beating earnings also didn't help Paccar, which slid 3.17 to 68.30 on quadruple typical trade. On Tuesday, ...