The market made some headway towards recovery at midday, with the Dow Jones up 101 points from its closing numbers on Monday, and the Nasdaq up 25 points, but by the end of the trading day, the Dow was back down 17 points, to 8,903.4 from 8,920.7, and the Nasdaq down 24 points, to 1,555.08 from 1,579.55.
"The market was in an established downtrend ahead of this disaster and there's nothing about a disaster that should improve the established downtrend,' says Michael Farr, president of Farr, Miller & Washington, a fund firm that manages $375 million. "Earnings for most companies are going to be more negative largely because transportation, orders and commerce has been interrupted for this period and a consumer who was losing confidence has been shaken."
Here are 10 stocks that affect resellers:
IBM was up to $96.40 from its closing price of $93.34 on Monday, on 12.3 million shares traded. Its 52-week range is $80.06 to $126.69 on average daily volume of 6.86 million.
Cisco was up to $13.57 from its closing price of $14 on Tuesday, on 81 million shares traded. Its 52-week range is $13.19 to $63.63 on average daily volume of 56.3 million.
Intel was up to $23.47 from its closing price of $23.59 on Tuesday, on 56 million shares traded. Its 52-week range is $22.25 to $63.50 on average daily volume of 42.33 million.
Microsoft was up to $54.32 from its closing price of $52.91 on Tuesday, on 41.6 million shares traded. Its 52-week range is $40.25 to $76.15 on average daily volume of 30.29 million.
Sun Microsystems was up to $9.18 from its closing price of $9.85 on Tuesday, on 45.9 million shares traded. Its 52-week range is $10.06 to $61.94 on average daily volume of 39 million.
Compaq was down to $8.52 from its closing price of $8.75 on Monday, on 19.43 million shares traded. Its 52-week range is $9.95 to $31.63 on average daily volume of 10.69 million.
Hewlett-Packard was up to $16.20 from its closing price of $16.02 on Monday, on 14.15 million shares traded. Its 52-week range is $17 to $53.72 on average daily volume of 6.57 million.
EMC was down to $12.90 from its closing price of $13.75 on Monday, on 33.7 million shares traded. Its 52-week range is $12.60 to $104.94 on average daily volume of 16.94 million.
Tech Data was down to $37.01 from its closing price of $37.75 on Monday, on 1.3 million shares traded. Its 52-week range is $24.93 to $49.88 on average daily volume of 581,500.
Ingram Micro was down to 13.84 from its closing price of $14.12 on Monday, on 266,100 shares traded. Its 52-week range is $10.19 to $18.38 on average daily volume of 236,045.
Reuters contributed to this story
