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Midday Nasdaq Slumps on Weak Tech Earnings


Apple is up ahead of the iPad Mini launch, though. Also, Monster Energy drinks might kill you.

MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) fell just 0.13% to 3,001.69 as of 3:00 p.m. EDT today after tech stocks continued to report weak earnings.

Facebook (NASDAQ:FB) rose 0.87% to $19.15 as its third-quarter earnings are widely expected to meet expectations, but Microsoft (NASDAQ:MSFT) fell 2.44% to $27.95 on a lack of investor confidence in the Windows 8 operating system, which is approaching its launch date.

Sirius XM Radio (NASDAQ:SIRI) also didn't perform well, falling 1.88% to just $2.86 as it was issued a Buy rating earlier today. Another beleaguered stock, Clearwire (NASDAQ:CLWR), rose 6.49% to $1.97 as its earnings were steady despite widespread speculation over the company's Sam-and-Diane act with Sprint (NYSE:S).

There was good news for Apple (NASDAQ:AAPL), which rose 2.79% to $626.92 ahead of the expected launch of the iPad Mini, which should be a contender for high holiday sales. And, in news that everyone somehow didn't see coming, Monster Beverage (NASDAQ:MNST) dropped 17.23% to $44.26 on news that its products might just be linked to a few arrythmia-related deaths.
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