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The Real Most Active - NYSE.(A)(The Real Most Active - NYSE)
The Real Most Active
Investors used the morning's brief rally to dump stocks Wednesday.
The Dow industrial average, up 0.5% minutes after the open, closed down 141.60 points, or 1.3%, at 10,495.28. The S&P 500 fell 1.4% to 1239.94 and the S&P MidCap 400 index 0.9%. Volume picked up 10% to 1.23 billion shares.
Techs led the decline. Park Electrochemical sank 4.06 to 29.5, swinging below its 200-day moving average on double average trade. Last w
eek, the maker of printed circuit boards for laptop PCs and cell phones said February fiscal fourth-quarter earnings will beat First Call's consensus estimate of 68 cents a share, which would be a 172% increase.
International Rectifier, a maker of power-related chips, dived 4.4, or 12%, to 33 on the heaviest volume in more than a year. The stock has fallen 34% on eight straight days of above-average trade. Last week, the firm unveiled new technology to simplify power management design of chips used in computers and cell phones.
Dow component IBM fell 2.69 to 99.90 on heavy trade.
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