Reply #76: Stock markets ailing

[RawMaterials]

Major gauges return to negative mode after 1-day reprieve; techs slide after AMD warning

Stocks had managed modest gains Monday, the first up day for all the major gauges after a decidedly negative start for 2005. But the tone remained tentative, and the spate of negative corporate news late Monday and early Tuesday pushed stocks lower.

Among the factors weighing: a profit warning from AMD and a tough start to the fourth-quarter earnings reporting period, marked by profit misses late Monday from Alcoa and Genentech.

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Treasury prices rose, pushing the yield on the 10-year note down to 4.24 percent from 4.27 percent late Monday. Treasury prices and yields move in opposite directions.

In currency trading, the dollar fell versus the euro and yen.

COMEX gold rose $2.90 to $422.60 an ounce, rising with other dollar-traded commoditie

http://money.cnn.com/2005/01/11/markets/markets_newyork/index.htm