US blue chips fall

US investors abandoned blue chips and other large-cap stocks today as a lower-than-expected consumer confidence report fed into Wall Street’s fears of an economic slowdown.

Fri, 13 May, 2005 - 23:21

US investors abandoned blue chips and other large-cap stocks today as a lower-than-expected consumer confidence report fed into Wall Street’s fears of an economic slowdown.

The selloff overshadowed a technology sector rally prompted by robust earnings from Dell.

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CourtsBusinessHeathrowPlace: USPlace: WallPlace: CincinnatiPerson: Chris JohnsonPerson: Bryan PiskorowskiOrganisation: Wall StreetOrganisation: DellOrganisation: Schaeffer’s Investment ResearchOrganisation: DowOrganisation: NasdaqOrganisation: 500Organisation: Wal-Mart StoresOrganisation: S&POrganisation: New York Mercantile ExchangeOrganisation: ExelonOrganisation: TXUOrganisation: Williams CosOrganisation: XTO EnergyOrganisation: Wachovia SecuritiesOrganisation: UBSOrganisation: TiffanyOrganisation: New York Stock Exchange
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