Author: 123jump.com Staff
123jump.com
Last Update: 3:52 PM EST February 22 2007
U.S. stocks moved lower, as news that Iran had failed to meet a deadline to stop nuclear enrichment helped push oil prices close to $61 a barrel and offset upbeat merger news and a tech stocks rally. Analog Devices spearheaded the tech advance, trading higher 10% on Q1 earnings rise and upbeat outlook. The Dow Jones Industrial Average moved down 55 points, led by Caterpillar and General Motors.
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