Pessimism sparks sell-off

Rising oil prices and disappointing forecasts for the technology sector sent stocks skidding today, with pessimism over the economy further fuelling the sell-off.

Pessimism sparks sell-off
Wed, 07 Jul, 2004 - 00:01

Rising oil prices and disappointing forecasts for the technology sector sent stocks skidding today, with pessimism over the economy further fuelling the sell-off.

The tech-heavy Nasdaq composite index fell more than 2%, its biggest loss since mid-March.

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CourtsBusinessHeathrowPlace: ClevelandPlace: Wall StreetPerson: Brian PearsPerson: John KerryPerson: John EdwardsPerson: EdwardsOrganisation: NasdaqOrganisation: IntelOrganisation: Conexant SystemsOrganisation: New York Mercantile ExchangeOrganisation: Victory Capital ManagementOrganisation: DemocraticOrganisation: AmericaOrganisation: Lehman BrothersOrganisation: New York Stock Exchange
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