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Stocks, Oil and Metals Slide |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:06 PM EST March 02 2007
U.S. stocks moved lower, sinking gradually throughout the day as traders fretted about the possibility of a prolonged period of weakness in equities, as major indexes are now about 5% below their recent closing highs. Declining consumer confidence Technology stocks were among the most heavily traded, and some lost substantial ground. Advanced Micro Devices lost 4.1%, Intel fell 1.3% and Cisco Systems was down 1.6%. Gap reported a 35% decline in Q4 profit.Gold fell 5%, silver dropped 6%. |
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