Thursday Market Meltdown: AKAM, GT, BID, AAPL & GM

Published: July 26, 2007, 3:00 pm

Tags: aapl, apple, bid, general motos, generalmotos, gm, goodyear, gt, inthenews, market, odp, office depot, office max, officedepot, officemax, omx, sotheby s

Filed under: After the bell, Major movement, Apple Inc (AAPL), General Motors (GM), Office Depot (ODP), OfficeMax Inc (OMX), Sotheby's (BID), Goodyear Tire and Rubber (GT)While the market plummeted 311 points today on loan worries; it is easy for people to forget the market is still up. Last week when the Dow broke 14,000; it was up 12.3% for the year. Now the market is up 8.1%. But are we really in a crisis? Market corrections are a normal part of the action and we will live through it. People celebrate when their favorite retail stores have a sale and drop prices; but when the stock market has a sale they panic. The NYSE had volume of 4.2 billion shares with 313 shares advancing while 3,036 declined for a loss of 275.98 points to close at 9,654.38. On the NASDAQ, 3.5 billion shares traded, 553 advanced and 2,583 declined for a loss of 48.83 to 2599.34. Akamai Technologies (NASDAQ: AKAM) fell $8.91 (-19%) to $38.27 on outlook. The Goodyear Tire & Rubber Company (NYSE: GT) fell

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