Dow Johns

Investors preferred safer assets such as the dollar to stocks on Thursday relying on the signs of a depressed economic recovery. Major indexes dropped about 1%: the Dow Johns fell 93.87 points, or 0.9%, to 10,332.44; the Standard & Poor's 500 index fell 14.90 points, or 1.3%, to 1094.90; the Nasdaq composite index fell 36.32 points, or 1.7%, to 2156.82. Energy and material stocks logged the biggest losses as a strong dollar sent commodity prices tumbling.

BofA Merrill Lynch turned bearish on the industry and downgraded several chipmakers, including Intel Corp., what led to the sharp falling of semiconductor stocks. Shares of Intel fell 6 percent to $19.01. Rival AMD dropped 5 percent to $6.96.
As for other chipmakers the situation is looking the following way: Nvidia dropped 5 percent to $12.87; Micron (MU.N) was down 7 percent at $6.97; and RF Micro (RFMD.O) was down 5 percent at $4.42. The Philadelphia Semiconductor Index (.SOXX) was down 4 percent at 309.37.