Nasdaq slips 13pts; ADRs slide

The Dow Jones industrial average was down seven points at 12,259. The Nasdaq slipped 13 points to 2,259.

Indian ADRs ended mostly in red. Genpact slumped 6.5% to $14.27. Patni Computers and MTNL plunged around 5.5% each to $11.47 and $5.78, respectively. HDFC Bank tumbled 5% to $103.69, and Sterlite shed 4.5% at $19.90. ICICI Bank dropped 3% to $50.28. Infosys slipped 1.8% to $38.21, and Satyam declined 1.6% to $24.57. Dr.Reddy's, however, moved up 1.4% to $14.51.