US investors remain wary

US stocks slumped yesterday afternoon, but came off their lows just after midday, as an unexpectedly poor financial report from Micron Technology weighed on chips and worries over a possible war with Iraq resurfaced on comments from Washington.

Around 1.25 pm ET, the Nasdaq composite, down 30.36 to 1361.69, lost more than 2%.

The Dow Jones industrial average, down 82.07 to 8453.32, and the Standard & Poor's 500 index, down 10.70 to 892.29, also suffered.