You name the sector and it's probably down. The market has been on the defensive since the opening bell. A number of downgrades, talk of SEC investigations, accounting concerns weighed on the market today. The WSJ highlighted concerns in both Tyco (TYC 29.90 -5.73) and Amazon (AMZN 12.53 -1.20). Enterasys (ETS 4.20 -6.60, -61%) announced a review of Asia/Pacific revenue recognition and said the SEC is investigating; Elan (ELN -50%) is a recent accounting worry and considerably lowered EPS estimates.The semi equipment sector was lower, but did better than most tech sectors. While an industry report was not bullish, a number of firms upgraded the major names in the group ahead of... [Full Story <http://my.money.net/scripts/scoop?t=f&;d=20020205&u=http://www.money.net/scripts/wrap%3Fname%3Dcontent/istocks%26wrap%3Dyes<]
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