Nasdaq Stocks Hit Hard on Bad Day for Index

Nasdaq stocks fell harder than they have in two weeks today, with some of the biggest names on the market dragging the index down.

The Nasdaq was down 0.6% on Monday, the exchange’s second-largest one-day decline this month. The S&P 500 and Dow Jones Industrial Average posted more modest declines of 0.2% and 0.15%, respectively.

Apple’s (NASDAQ: AAPL) nine-point tumble hit the Nasdaq the hardest. The iPhone 5 hit shelves on Friday, and its weekend sales were lower than expected.

But Apple wasn’t the only blue chipper dragging Nasdaq stocks down. Here are four others that had a rough day:

  • Facebook (FB): Shares of the social network fell 9% after Barron’s published a not-so-flattering article on the stock, saying it’s worth about $15 a share. It didn’t quite fall that far, but it did close below $21 for the first time since September 12.
  • Netflix (NFLX): The streaming and mail-order video king’s shares fell 2.4% after the A&E network and the History channel terminated their agreements with the company.  
  • Dell (DELL): The PC business is struggling, and today’s 2% decline in Dell shares was the latest drop in what has been a tough year for the stock. Dell shares have now fallen 32% in 2012.
  • Intel (INTC): The slumping PC market affected Intel’s stock too. Shares of the chipmaker tumbled 1.43% to continue what has been a miserable month. The stock is down 8.5% since August 24.
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