The Nasdaq dropped 1%, its sixth losing session out of the last seven. Tech bellwethers continued to tug the index lower, while Applied Materials shares gained despite lackluster guidance.
Garmin and TomTom settled patent disputes that had spread to courts in the U.S. and Europe, as the rival GPS makers continue to battle for control of Tele Atlas.
Upstart entertainment Web sites hope to benefit from the TV writers' strike by luring viewers -- and, possibly, out-of-work scribes -- to their webisodes.