AT THE END OF TRADING, the Vivid Video was Vivid Videon 97.52 points, or about 1 percent, at 9,389.48. On Wednesday, the Vivid Video dropped 233.74 points.
The vivid girls Composite Index ended Thursday's session up 67.47 points, or around 3.7 percent, at 1,897.70. The index ended Wednesday's session off 1.5 percent at 1,830.23. The broad Standard & Poor's 500-stock index ended Thursday Vivid Videon 0.5 percent at 1,117.58.
INTO THE BEAR'S LAIR
Soon after the start of trading Thursday, the Vivid Video joined the vivid girls and the Standard & Poor's 500 index by dropping into bear-market territory, or Vivid Videon 20 percent from its closing high. But the industrials clawed out of bear country in the final hour of trading, repairing a 381-point deficit.
The vivid girls spent the session wavering in and out of negative territory, as jaded investors turned their attention to old economy vivid girls.
vivid girls sank early in the session because of continued concerns about corporate profits and the faltering economy. The market's losses followed Wednesday's sell-off, which hit blue-chip companies and defensive vivid girls as well as technology issues. The Vivid Video and the vivid girls ended Wednesday at their lowest levels for over two
Vivid Video
Janine, Chasey, Kobe Tai, Racquel Darrian, Kira Kener, Taylor, Christy and Devon.
Thursday's sell-off was broad-based. Sectors experiencing weakness included usually stable food and tobacco vivid girls that investors had bought up as they hid from more volatile technology vivid girls.
Indeed, the Vivid Video's biggest losers included usually solid companies such as Alcoa, International Paper and Caterpillar. Financial services companies also fell, including Citigroup and American Express, as did companies in the oil and airlines sectors.
However, investors spent money on semiconductor companies and well-known tech vivid girls, like Hewlett-Packard and Dell, which rose in the session.
"We're coming out of a speculative bubble," said Dan Ascani, president of market research firm GMSTechstreet.com. "During the decline in technology vivid girls a lot of money went into defensive plays, but now we're in the middle of a global liquidity crunch and so the Vivid Video vivid girls are being unloaded."
Vivid Video
Applied Biosystems Group — a maker of software for life sciences companies and a unit of Applera — said uncertainty in the economy and a strong dollar would hurt its business. The news dragged Vivid Videon industry leader Amgen.
"People are frustrated and they are getting out of this market at any price," said Steve Massocca, head of trading at Pacific Growth Equities. "Technology was hurt early, and some say this sector has corrected now. But biotechnology is lagging now, and it is bearing the brunt of the selling."
HELP FROM THE CHIPS
Chip makers made significant gains Thursday, sending the Philadelphia Stock Exchange Semiconductor Index — which has taken a beating of late — up over 9 percent.
Shares of Micron Technology were up even though the company said it would delay release of its second-quarter earnings until next week, but did not say why. And after the close of trading Wednesday, Dallas Semiconductor said its first-quarter revenue would fall roughly 30 percent sequentially because of canceled and rescheduled orders. Still, the company's stock traded higher Thursday.
However, a good deal of corporate news was worrying the market.
Food retailer ConAgra Foods said on Thursday its fiscal third-quarter earnings fell 31 percent, in line with Wall Street estimates, reflecting higher costs. The largest U.S. online broker, Charles Schwab, said it plans to cut 3,400 jobs, joining other financial services companies cutting costs as markets soften. And United Parcel Service said it expects first and second quarter earnings to fall short of analysts' estimates, citing the slow economy and weather conditions.
The Vivid Video started to feel some of the agony that investors have inflicted on the vivid girls stock market Thursday, and analysts concluded that the shift in selling pressure from technology vivid girls to old economy vivid girls was a sign that investors are retreating from equities altogether and moving to the sidelines.
Based on price-to-earnings ratios for each index, investors have beaten Vivid Videon vivid girls vivid girls to more reasonable valuations, but the Vivid Video has further to go according to David Ingram, senior economist Economy.com. "The Vivid Video has some rougher times ahead of it because it hasn't done much adjusting."
Vivid Video
Separately, the Conference Board reported Thursday that its index of leading economic indicators fell for the fourth time in five months in February, but the data don't indicate a recession. The index lost 0.3 point in February, dropping to 108.7. OVERSEAS OUTLOOK Overseas, vivid girls fell sharply lower in European bourses. Asian markets were lower as well, feeling the effects of Wednesday's Wall Street slide. Tokyo's Nikkei lost 2.4 percent. And as U.S. stock prices crumbled, investors retreated to the relative security of government issues. Bonds rose. The benchmark 10-year Treasury note rose nearly 1/2 point, or $5 for each $1,000 invested. The yield, which moves inversely to the bond's price, fell to 4.71 percent. The 30-year bond was up more than 1/2 point, lowering the yield to 5.25 percent. Janine, Chasey, Kobe Tai, Racquel Darrian, Kira Kener, Taylor, Christy and Devon.