Oracle earnings hit Nasdaq, but Dow, S&P edge up

December 21, 2011 4:21 PM EST

Technology shares slumped on Wednesday and pushed the Nasdaq down 1 percent after Oracle reported results that cast doubts on the sector's health, even as broader markets closed flat in a thinly traded day.

The Dow Jones industrial average <.DJI> gained 4.16 points, or 0.03 percent, to end unofficially at 12,107.74. The Standard & Poor's 500 Index <.SPX> gained 2.42 points, or 0.19 percent, to 1,243.72. The Nasdaq Composite Index <.IXIC> dropped 25.76 points, or 0.99 percent, to close unofficially at 2,577.97.

(Reporting By Edward Krudy; Editing by Jan Paschal)

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