Stocks quoted in this article:
With the Nasdaq Composite (COMP - 3720) down 3.18 percent and the S&P 500 Index (.SPX - 1431.24) down 1.27 percent today, the tone is decidedly bearish today among the sector indices, as only eight of 38 are in positive territory. Among the indices we follow, three hit new annual lows. The top four performing indices today are the PHLX Semiconductor Index (SOX - 970.1), up 2.1 percent; the PHLX Gold and Silver Index (XAU - 51.21), up 0.8 percent; the S&P Chemicals Index (CEX - 379.1), up 0.8 percent; and the AMEX Pharmaceutical Index (DRG - 399.8), up 0.5 percent. The four indices showing the most weakness are the AMEX Biotechnology Index (BTK - 620.2), down 4.2 percent; the AMEX Disk Drive Index (DDX - 78.06), down 4.1 percent; the AMEX Networking Index (NWX - 1236.8), down 4.0 percent; and the Nasdaq Composite (COMP - 3720), down 3.2 percent.