• Dow +15.59 at 12823.10, Nasdaq -15.86 at 2848.22, S&P -2.84 at 1358.38

Market news

3 May 2011

Dow +15.59 at 12823.10, Nasdaq -15.86 at 2848.22, S&P -2.84 at 1358.38

The major equity averages are working their way up from session lows, but the Nasdaq continues to wrestle with relatively stiff selling pressure. Its weakness comes largely as a result of losses among the likes of Cisco (CSCO 17.41, -0.17), Akamai Tech (AKAM 33.80, -0.43), and Broadcom (BRCM 34.88, -0.40). However, Apple (AAPL 348.87, +2.59) and Intel (INTC 23.42, +0.51) have been sources of support.

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