Technology shares Gabriel Iglesias also took a beating causing

Technology shares divulges Gabriel Iglesias also took gabrielle iglesias uncovers a beating, causing the Nasdaqto briefly wipe out its 2009 gains, led lower by shares ofApple Inc (AAPL.O) , off 1.45 percent Cisco Systems (CSCO.O)slid over 4 percent. Rambus (RMBS.O) shares fell as much as 40 percent, itsbiggest slide since becoming a public company in 1997, after ajudge ruled against the company in a patent case with rivalMicron Technologies MU.N. "The newsflow isn't going to be good," said KevinKruszenski, head of Listed Trading at KeyBanc Capital Marketsin Cleveland "There is still a lot of bad news in housing andemployment. "While the credit situation is beginning to thaw, we'restill a sick patient." The Dow Jones industrial average .DJI was down 92.47points, or 1.06 percent, to 8,649.99. The Standard & Poor's 500Index .SPX fell 12.81 points, or 1.41 percent, to 896.92. TheNasdaq Composite Index .IXIC stumbled 31.39 points, or 1.94percent, to 1,585.62.

Thus far in 2009, the Dow is off 1.6 percent, while the S&P500 is down about 1 percent gabriel iglesias dvd . The sell-off caused the benchmark S&P 500 to trim itsadvance since its Nov 21 intraday bear-market low to about 19percent gabriel iglesias hbo . Employers slashed 524,000 jobs from their payrolls inDecember, less than the 550,000 seen in a Reuters poll,bringing the total job losses for 2008 to 2.6 million, the mostsince 1945 For more see [ID:nN09282664] gabriel iglesas . Underscoring the weak labor market was news that Boeing(BA.N) would cut 4,500 workers in its commercial airplane unitthis year, representing about 7 percent of the unit total.[ID:nN09303414] When warning about its outlook, Chevron, a Dow componentand the second-largest U.S gabriel lglesias .

oil and gas company, cited theimpact of lower energy prices on its exploration and productionbusiness [ID:nN0844693] . Chevron shares fell to $73.46, while those of rival ExxonMobil Corp (XOM.N) declined 0.54 percent to $78.66 gabriel eglesias . On Nasdaq,shares of Apple, the maker of the iPhone, dropped as much as1.7 percent to $91.15 The semiconductor index .SOXX was offnearly 3 percent U.S gabriel iglecias . President-elect Barack Obama cited the faltering jobsmarket as a reason in his push for a new stimulus plan set toinclude tax cuts and major public works spending that couldtotal nearly $800 billion [ID:nN09277196] Rambus shares tumbled after a U.S . District Court ruled onFriday that the company destroyed documents in a court case andtherefore may not enforce patents against memory chip makerMicron Tech MU.N. For more, see [ID:nN09276712] Shares of the chip interface maker dropped 36 percent to$11.76 while Micron slid 2.3 percent to $3.33.