On what’s being called “Manic Monday” with the Dow and Nasdaq plunging before recovering then dropping again, Durham’s Cree and Novozymes, which has a big presence in Franklinton, bucked the selloff. Take at look at the WRAL TechWire “30” for a snapshot of Triangle tech and life science stocks.

The bears are growling, the bulls are running …

The Dow industrials plunged more than 588 points, or 3.6 percent. In the opening moments, it plummeted more than 1,000.

The tech-heavy Nasdaq, meanwhile, plunged nearly 180 points ot 3.8 percent.

The WTW actually did a bit better than both, closing down 3.4 percent.

Find it at:


It’s a combination of 30 stocks – tech and life science – which includes a variety of companies either based here or with a big presence here, from Red Hat to IBM to smaller biotechs plus Cisco, Apple, etc.

WTW publishes the “30” every business day in partnership with FinancialContent.com, a very reputable news service.

For the day this index was down substantially

It does not include Bank of America or BB&T or Wells Fargo or consumer firms like Lowes and Martin Marietta. But it’s a good sample of the tech/biotech sectors.

Cree, which has suffered lately due to lagging sales and a recent reorganization, finished up 4.25 percent on the day.

Novozymes closed 1.7 percent higher.

Many more were losers, led by Biogen, down 5 percent. EMC lost 4.5 percent.

Lenovo also took a 4.5 percent hit with so much of its business tied to China’s economy.

Cisco fell 4.25 percent.

Red Hat took a 3.8 percent hit.

Google, IBM, Facebook, Apple, GSK all fell.

Quintiles, which isn’t part of the “30,” was down nearly 3 percent.