Another day, another wobbly market. Futures have been indicating a possible drop of 300 to 400 points in the Dow Jones Industrial Average.
In the tech market, Some of yesterday's major decliners are the same this morning, with Advanced Micro Devices ( AMD ) off 49 cents, over 4%, at $11.10, and Nvidia ( NVDA ) down $6.86, or 3%, at $206.84, similar to how they led declines in tech yesterday .
Large-cap tech is holding up well, relatively speaking, with Apple ( AAPL ) down $1.19, or 0.8%, at $155.30, Microsoft ( MSFT ) off 61 cents, or 0.8%, at $87.39, and Intel ( INTC ) down 12 cents at $43.93.
The 'Net names are a bit worse, with Facebook (FB) off $2.01, or 1%, at $179.25, Alphabet (GOOGL) down $19.60, or 1.8%, at $1,042.79; Amazon (AMZN) down $16.43, or 1.3%, at $1,373.57; and Netflix (NFLX) down $6.90, or 2.7%, at $247.36.
One of this morning's top gainers among all stocks is Lumentum Holdings (LITE), the maker of fiber-optic components, up $3.95, or 9%, at $46.55, after the company this morning reported fiscal Q2 revenue and profit that topped consensus, delivering $404.6 million and $1.67 per share, versus consensus for $357.8 million and $1.12.
The stock surge doesn't seem to be reflecting the fact the company offered a forecast substantially below consensus.
For the current quarter , the company sees revenue of $280 million to $305 million, and EPS of 65 cents to 80 cents, versus consensus for $324 million and 92 cents per share.
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