Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. Investors go shopping for tech bargains.
Retail sales are down.
GE confirms profit outlook for the year and Cisco sees a gloomy horizon. Investors stuck their big toes back into the market Tuesday. Bargain hunters looking for tech deals pushed the Nasdaq up 91 to 2,014. That said, the Dow had its share of losers. While investors picked through the rubble Tuesday, the Commerce Department released figures showing that retail sales dropped for the first time since November.