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Jobless rise prompts Wall Street sell-off

Stocks fell today as lower-than-expected activity in the manufacturing sector and a slight rise in weekly jobless claims stifled investor enthusiasm after two days of gains.

Jobless rise prompts Wall Street sell-off

Thu, 01 Jul, 2004 - 22:38

Stocks fell today as lower-than-expected activity in the manufacturing sector and a slight rise in weekly jobless claims stifled investor enthusiasm after two days of gains.

The Dow Jones industrials lost more than 100 points, while tech stocks fell on concerns about Intel and Yahoo!

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Courts Business Heathrow Place: Wall Street Person: Brian Belski Person: Brian Williamson Organisation: Intel Organisation: Yahoo Organisation: Piper Jaffray Organisation: Dow Organisation: Nasdaq Organisation: Labour Department Organisation: Institute for Supply Management Organisation: Federal Reserve Organisation: The Boston Company Asset Management Organisation: Morgan Stanley Organisation: Yahoo!Organisation: Smith Barney Organisation: New York Stock Exchange

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