Dow rises despite tech losses

Soothing words from US Federal Reserve Chair Janet Yellen have helped pull the stock market out of a morning slump, but internet companies and Whole Foods Market plunged, taking the Nasdaq down.

Dow rises despite tech losses
Thu, 08 May, 2014 - 09:06

Soothing words from US Federal Reserve Chair Janet Yellen have helped pull the stock market out of a morning slump, but internet companies and Whole Foods Market plunged, taking the Nasdaq down.

Traders dropped NetApp, salesforce.com and other tech companies for a second day running, sending their stocks down 2% or more.

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CourtsBusinessHeathrowPerson: Janet YellenPerson: YellenPerson: Jeff KleintopPerson: JJ KinahanPerson: KinahanPerson: KleintopOrganisation: USOrganisation: Whole Foods MarketOrganisation: NasdaqOrganisation: Whole FoodsOrganisation: Joint Economic Committee of CongressOrganisation: FedOrganisation: LPL FinancialOrganisation: TD AmeritradeOrganisation: S&P Capital IQOrganisation: AmazonOrganisation: NetAppOrganisation: US government
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