• Most Popular
  • Most Shared

US STOCKS-Market falls on tech profit worries, oil

Wed Jul 2, 2008 12:01pm EDT

(Updates with market at session lows, Nasdaq off more than 1 pct)

Stocks  |  Bonds  |  Global Markets  |  Funds News  |  ETFs News

NEW YORK, July 2 (Reuters) - U.S. stocks slid to session lows on Wednesday, with the Nasdaq falling more than 1 percent, as shares of major technology companies dropped on profit worries and a rebound in oil prices stirred caution about economic growth.

The Dow Jones industrial average .DJI fell 49.26 points, or 0.43 percent, to 11,333.00. The Standard & Poor's 500 Index .SPX dropped 6.04 points, or 0.47 percent, to 1,278.87. The Nasdaq Composite Index .IXIC declined 30.28 points, or 1.31 percent, at 2,274.69. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article