World market indices continue to slide

World market indices continue to slide
# 30 January 2007 11:53 (UTC +04:00)
The Dow Jones industrial average was up 3.76 points, or 0.03%, at 12,490.78. The Standard & Poor’s 500 Index was down 1.56 points, or 0.11%, at 1,420.62. The Nasdaq Composite Index was up 5.60 points, or 0.23%, at 2,441.09, the APA reports.
Hewlett-Packard Co., the biggest personal-computer maker, boosted technology shares after Prudential Equity Group LLC increased its earnings forecast.
Hewlett-Packard and Intel rose the most in the Dow average. Shares of Hewlett-Packard added 73 cents, or 1.8 percent, to $42.42. Prudential raised the company’s share-price forecast and 2007 earnings estimates as Hewlett-Packard gained market share from rival Dell Inc.
Intel climbed 36 cents, or 1.8 percent, to $20.89. The world’s largest semiconductor maker said it made a breakthrough in transistor technology that allows it to make faster, smaller, more efficient chips. The move is the biggest change in transistor technology in 40 years, according to Intel co-founder Gordon Moore.
Among other computer-related companies, Microsoft Corp. dropped 7 cents to $30.53. The world’s largest software maker said Vista, Microsoft’s new operating system for personal computers, will go on sale to consumers tomorrow.
Crude oil futures fell 2.5 percent to $54.01 a barrel in New York on speculation that U.S. fuel inventories are adequate to meet increased heating demand during the next two weeks.
European markets also seemed upset.
The FTSE 100 closed at 6,239.9 points, up 11.9 or 0.19%. Germany’s DAX was up 0.5% and the CAC 40 was up 0.7%. /APA/
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