Mounting selling pressure takes the Nasdaq down to a 1.1% loss, much worse than the Dow and...

|By:, SA News Editor

Mounting selling pressure takes the Nasdaq down to a 1.1% loss, much worse than the Dow and S&P, following fresh chatter about a chip sector slowdown (SOXX -1.6%) and swooning Sears (SHLD -9.7%) shares after its projected Q1 loss of $1.35-$1.81/share vs. a $0.14 profit Y/Y points to "increasingly dire prospects" for the retailer.