Profit-taking in Microsoft and Intel contributed to the Nasdaq composite index falling 6.86 points Thursday, finishing at 1258.08, more than ten points off the day's high of 1268.62 which was reached just after the market opened. "The Nasdaq is heavily weighted to the big guys like Microsoft and Intel and it fell off" on profit-taking, said an investment strategist. Microsoft fell 2-7/8 to 150-3/8 and Intel, which led the most active list, was off two to 118-7/8, as reported by Reuters.
Short Take: Microsoft, Intel take the Nasdaq down
Profit-taking in Microsoft and Intel contributed to the Nasdaq composite index falling 6.86 points Thursday, finishing at 1258.08, more than ten points off the day's high of 1268.62 which was reached just after the market opened. "The Nasdaq is heavily weighted to the big guys like Microsoft and Intel and it fell off" on profit-taking, said an investment strategist. Microsoft fell 2-7/8 to 150-3/8 and Intel, which led the most active list, was off two to 118-7/8, as reported by Reuters.
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