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Market Update : 
Guitar Center Accepts $2.1 B Offer
Author: Elena Todorova
123jump.com
Last Update: 12:12 PM EDT June 27 2007

U.S. market averages traded in a lackluster fashion, reflecting strength in the tech sector, weak economic data, as well as continuous worries about the subprime mortgage market and hedge fund woes. Oracle gave tech shares a boost with 2% gain on better-than-expected earnings. Banking, oil and hardware stocks moved to the downside, while semiconductors and utilities gained.

 

 

 
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