US STOCKS-Market falls on tech profit worries, oil

Wed Jul 2, 2008 12:01pm EDT
 
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(Updates with market at session lows, Nasdaq off more than 1 pct)

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)

 
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