Nasdaq Stocks Hit Hard on Bad Day for Index

Investing Technology Stocks
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Nasdaq stocks fell harder than they have in two weeks today, with some of the biggest names on the market dragging the index down.

The Nasdaq was down 0.6% on Monday, the exchange’s second-largest one-day decline this month. The S&P 500 and Dow Jones Industrial Average posted more modest declines of 0.2% and 0.15%, respectively.

Apple’s (NASDAQ: AAPL) nine-point tumble hit the Nasdaq the hardest. The iPhone 5 hit shelves on Friday, and its weekend sales were lower than expected.

But Apple wasn’t the only blue chipper dragging Nasdaq stocks down. Here are four others that had a rough day:

  • Facebook (FB): Shares of the social network fell 9% after Barron’s published a not-so-flattering article on the stock, saying it’s worth about $15 a share. It didn’t quite fall that far, but it did close below $21 for the first time since September 12.
  • Netflix (NFLX): The streaming and mail-order video king’s shares fell 2.4% after the A&E network and the History channel terminated their agreements with the company.  
  • Dell (DELL): The PC business is struggling, and today’s 2% decline in Dell shares was the latest drop in what has been a tough year for the stock. Dell shares have now fallen 32% in 2012.
  • Intel (INTC): The slumping PC market affected Intel’s stock too. Shares of the chipmaker tumbled 1.43% to continue what has been a miserable month. The stock is down 8.5% since August 24.
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