Summary
NEW YORK - The plunging technology sector pulled the rest of Wall Street lower Friday, giving the stock market a dismal end to a difficult week and the Nasdaq composite index its biggest weekly decline in 11/2 years. Blue chip stocks surrendered moderate gains as fears of higher interest rates again prompted investors to overlook strong earnings this time from ChevronTexaco Corp. and Procter & Gamble Co.
Selling in tech stocks started early in the day and intensified as the session wore on. Jim Russell, director of core equity strategy for Fifth-Third Asset Management in Cincinnati, attributed the slide to investors who appeared to be "cashing in a few chips where they've made the most money."See the full content of this document
Extract
Stock Watch: Tech Stocks Pull Market Sharply Lower
The Nasdaq suffered its fifth ...
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