Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. The Dow hits a homer and the Nasdaq strikes out as investors flee tech stocks. Cisco and Qualcomm ground out.
Paper companies make a late-inning comeback.
Got to love it. The fall always seems so exciting, and it's been particularly so on Wall Street this season. After a lot of ups and downs so far, it was the Dow that took the lead today, up 245 points to 10,836. Wire reports suggested that continued concern about a slowdown in telecom spending led investors to abandon networking stocks in favor of blue-chip manufacturing stalwarts. The Nasdaq, meanwhile, looked like a Halloween ghoul to investors, who sold off to send it down 87 to 3,191.