The Nasdaq Now: Research In Motion Jumps 7%

By Sterling Wong  DEC 26, 2012 12:25 PM

Apple and Amazon were down on the day.


MINYANVILLE ORIGINAL Christmas may be over, but investors are still on the watch for the traditional Santa rally, with stocks edging down after a worrying holiday shopping report from retailers.
Sales for the season are expected to increase only around 0.7%, compared to forecasts for a 2%-3% increase, with shoppers cutting spending because of fiscal cliff worries.
The Nasdaq Composite (INDEXNASDAQ:.IXIC) was down 0.76% to 2,989.63 points on incredibly anemic volume of 435.30 million as of 12:11 p.m. EST.

Research In Motion (NASDAQ:RIMM) helped to lift the Nasdaq, jumping a robust 7.45% to $11.40.
Zynga (NASDAQ:ZNGA) (+2.58% to $2.39) and Groupon (NASDAQ:GRPN) (+3.56% to $4.80) were also up on the day.
Another tech stock, Baidu (NASDAQ:BIDU) also rose 3.64% to $100.29. Earlier the Chinese Internet search giant announced that it would develop a speech recognition application that would provide voiced answers to questions, as well as information on stocks, locations, and weather.
Shares of Amazon (NASDAQ:AMZN) slid 3.55% to $249.44. On Christmas Eve, an outage occurred at an Amazon Web service center that impacted Netflix (NASDAQ:NFLX) (+1.23%) customers in the US, Canada, and Latin America. Services went back up by Christmas Day.
Apple (NASDAQ:AAPL) weighed on the Nasdaq as it fell 1.38% to $513.00. eBay (NASDAQ:EBAY) (-1.74% to $50.19) and Tellabs (NASDAQ:TLAB) (-4.58% to $2.50) were also down on the day.

Twitter: @sterlingwong
No positions in stocks mentioned.

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