US stocks dropped Friday, pulling the Dow Jones Industrial Average into negative zone for the week, as investors considered a week of disturbance in commodities that has had equities rallying in unison with crude-oil prices.
Let’s have a look on some stocks that traded the most at NASDAQ
Yahoo! Inc. (NASDAQ:YHOO) dropped more than 5% Friday morning, as analysts expressed growing fears about the company’s potentially strained relationship with Chinese e-commerce service Alibaba, which is thought to be a key investment helping to strengthen Yahoo’s market value.
Its total outstanding shares are 1.31 billion shares with the market capitalization of $21.63 billion. Its beta value stands at 0.88 times. Its return on investment was 5.75%.
Cisco Systems, Inc. (NASDAQ:CSCO) and Living PlanIT today publicized a strategic alliance and the signing of a definitive framework contract to develop fresh business models for city management, through the use of networking technology, to press forward sustainable urban living. This collaboration between Cisco and Living PlanIT is based on a shared idea of revitalizing communities and speeding up innovation in urban development.
Its shares lost 0.68% to $16.82 with total trading volume of 43.80 million shares less than its average volume of 82.82 million shares.
NVIDIA Corporation (NASDAQ:NVDA), a maker of graphics chips, dropped the most in two months after an analyst demoted the stock on concern price pressure may hurt gross margins and that tablet competition may rise next year.
The stock dropped 9.28%, to $18.57, the largest intraday drop since February 22. The stock had added 33% this year before today.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) showed a positive weekly performance of 1.42% associated to its rate of return which for the month was 4.86%.
Similarly the performance for a quarter continued to remain up with 2.02% and settled at 24.49% for a year however YTD performance firmed at 8.70%.
