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NEW YORK -- Stock prices ended mixed today as fears about corporate profits and a moderating economy once again limited gains. The market attempted to rebound earlier in the day but was dragged down as investors unloaded expensive Internet and software-related issues. Dow off 49;
Nasdaq sinks 104Associated Press
The Dow Jones industrial average closed up 49.21 at 10,700.13. The Nasdaq composite index fell 103.92, or 2.8 percent, to 3,568.90 after moving higher earlier in the day. The Standard & Poor's 500 index was off 0.28 at 1,436.23.
Decliners beat advancers on the New York Stock Exchange, with 1,647 down, 1,264 up and 443 unchanged. NYSE volume was 1.03 billion shares, vs 1.14 billion Friday. The NYSE composite index rose 3.33 to 666.37; the American Stock Exchange fell 11.32 to 942.99; and the Russell 2000 index fell 9.70 to 511.67. The 10-year Treasury note's price was off 5/32 point, or $1.56 per $1,000 in face value; its yield rose to 5.82 percent from 5.80 percent Friday. The 30-year bonds fell 17/32 point, yielding 5.92 percent, up from 5.88 percent Friday.
Investors were cautious as they awaited the release of third-quarter earnings reports later this month. They again sold off stocks of firms that warned of disappointing results. Warnaco was down $1.56, or 39 percent, to $2.44 on published reports its profits would miss forecasts. Shares of Merrill Lynch traded higher, up $3.50 at $69.50, on rumors the firm might be a takeover target.