US STOCKS-Dow, S&P fall on debt worries; semis lift Nasdaq

* Tyson Foods posts better-than-expected profit

* SanDisk, semis, lift Nasdaq

* Dow off 0.5 pct, S&P off 0.4 pct, Nasdaq up 0.3 pct

* For up-to-the-minute market news see [STXNEWS/US]
(Updates to midmorning)

By Chuck Mikolajczak

NEW YORK, Nov 22 (BestGrowthStock) – The Dow and S&P 500 fell on
Monday as enthusiasm over a bailout package for Ireland faded
and investors worried that further steps would be needed to
combat euro zone sovereign debt problems.

The European Union and International Monetary Fund began to
thrash out details of a loan package to Ireland to resolve its
banking and budget crisis. For details, see [ID:nLDE6AL00M]

Concerns that Ireland’s debt crisis might spread to other
euro zone countries has hung over U.S. stocks (Read more about the stock market today. ) in recent weeks.
World shares pulled back from an early rise, while European
markets fell 0.7 percent on Monday.

U.S.-listed shares of Bank of Ireland (IRE.N: ) tumbled 16.1
percent to $2.24, and Allied Irish Banks Plc (AIB.N: ) lost 1.6
percent to $1.21.

“A Band-Aid is not what is needed, major surgery is what is
needed. Money is not going to solve the problem,” said Peter
Kenny, managing director at Knight Equity Markets in Jersey
City, New Jersey.

“All you are doing is buying time. You are kicking the can
down the road. We are finally coming to terms with the fact you
can’t keep kicking the can down the road.”

The euro fell (Read more about the trembling euro. ) 0.4 percent against the dollar on fears about
possible contagion to other highly indebted euro zone nations.

The Dow Jones industrial average (.DJI: ) dropped 51.84
points, or 0.46 percent, to 11,151.71. The Standard & Poor’s
500 Index (.SPX: ) lost 4.50 points, or 0.38 percent, to
1,195.23. The Nasdaq Composite Index (.IXIC: ) gained 6.17
points, or 0.25 percent, to 2,524.29.
The Nasdaq was boosted by strength in the semiconductor
sector after Robert W. Baird upgraded SanDisk Corp (SNDK.O: )
shares to “outperform” from “neutral.” [ID:nSGE6AL0MY]

SanDisk gained 5.6 percent to $42.26, while the PHLX
Semiconductor index (.SOX: ) rose 0.7 percent.

Trading volume is expected to be tepid this week due to the
U.S. Thanksgiving Day holiday on Thursday.

No. 1 U.S. meat producer Tyson Foods Inc (TSN.N: ) posted
higher-than-expected quarterly profit on a big jump in gross
margins and said its current quarter was off to a strong start.
Its shares gained 3 percent to $16.11. [ID:nSGE6AL0N3]

Quarterly results are due from Hewlett-Packard Co (HPQ.N: )
and Analog Devices Inc(ADI.N: ) after the close.
(Editing by Jeffrey Benkoe)

US STOCKS-Dow, S&P fall on debt worries; semis lift Nasdaq