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THE REAL MOST ACTIVE Nasdaq Down 6% For Week, Violates 200-Day.(B)

Investor's Business Daily

| May 03, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: NANCY GONDO

Nasdaq stocks closed lower for the fifth straight day Friday on lighter volume. The Nasdaq fell 2%, closing below its 200-day moving average for the first time in over a year. It was down 6% for the week. The tech-heavy Nasdaq 100 lost 2.1% Friday.

The Internet-Content group was one of the top losers among IBD's 197 industry groups. Yahoo sank 4.18, or 8%, to 50.53 on double normal turnover. Web search firm Google said Thursday it'll stop providing its technology to the Internet portal. Among other content firms, InfoSpace fell 2.71 to 32.91 on three times average trade.

American Power Conversion gapped down 4.42 to 18.77 on more than five times usual volume, closing below its 200-day moving average for the first time in 18 months. The maker of power protection gear for electronics earned 17 cents a share in the first quarter, up 13% from last year but 2 cents off views.

Business Objects cratered 6.66 to a nine-month low of 21.92 on its heaviest trade this year, as more than 4.7 million shares changed hands. The enterprise software maker earned 10 cents a share in ...

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