Dow Ends Down 36, Nasdaq Down 14

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Stocks dropped in light summer trading Friday after Apple Computer Inc. said its mishandling of employee stock options will require significant revisions to its most recent quarterly results, the Associated Press reports. Investors had broader worries, especially fears of an economic slowdown. A steep increase in retail sales did little to allay those worries.


According to preliminary calculations, the Dow Jones industrial average fell 36.34, or 0.33 percent, to 11,088.03. Broader stock indicators also dropped. The Standard & Poor’s 500 index fell 5.07, or 0.40, to 1,266.74, and the Nasdaq composite index fell 14.03, or 0.68 percent, to 2,057.71.


Read the full Associated Press story

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Today’s Winners & Losers


Hi-Shear Technologies lost another 7.9 percent and closed the week out at $9.62 while Peerless Systems Corp. lost 6.3 percent to close at $4 and International Rectifier Corp. lost 5 percent to close at $32.84.


On the up side were Big 5 Sporting Goods Corp., which posted better than expected earnings and gained 5.6 percent to finish the week out at $20.66. Mankind Corp. added 5.1 percent to close at $16.36 and THQ Inc., despite and SEC options’ probe, gained 3.8 percent to close at $25.44.

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