Stocks quoted in this article:
The powers that be are shunning the former leaders in the technology group today. With the Nasdaq Composite (COMP - 4535.3) down 2.35 percent and the S&P 500 Index (SPX - 1506.49) down 0.13 percent today, many of the sector indices are higher on the day, with 20 of 35 in positive territory. Among the indices we follow, one hit a new annual high today. The following are the top four performing indices today: the AMEX Natural Gas Index (XNG - 168.37), up 4.6 percent; the S&P Insurance Index (IUX - 590.89), up 4.4 percent; the S&P Chemicals Index (CEX - 446.53), up 3.9 percent; and the AMEX Oil and Gas Index (XOI - 506.09), up 3.4 percent. The four indices showing the most weakness are: the AMEX Networking Index (NWX - 1049.2), down 5.1 percent; the AMEX Biotechnology Index (BTK - 492.7), down 2.9 percent; the CBOE Internet Index (INX - 827.8), down 2.7 percent; and the Nasdaq Composite (COMP - 4535.3), down 2.35 percent.