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The major indexes have recovered some early morning losses to trade mixed, but mostly lower. Stocks opened the day with a jump, but fell as traders sold stocks on bad news from Intel and an overall negative market atmosphere. The Dow has recovered all losses to trade flat, while the S&P is slightly lower and the Nasdaq is trading significantly lower.
JP Morgan Chase (JPM | Quote | Chart | News | PowerRating) rallied close to 4% today after announcing a Q4 writedown that was less than expected (full story).
Intel (INTC | Quote | Chart | News | PowerRating) fell as much as 13%, after reporting Q1 sales that just missed earnings estimates (full story).
Sun Microsystems (JAVA | Quote | Chart | News | PowerRating) rallied 6% after announcing plans to buy software company MySQL Ab for around $1 billion, and reporting that last quarter's profit exceeded expectations (full story).
Mattel (MAT | Quote | Chart | News | PowerRating) rallied just under 7% after an upgrade.
Gold prices and crude futures both plummeted today on concerns for the global economy. Both gold and crude fell more than 2% during morning trading.
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