Wall Street; Cisco Pushes Tech Stocks Lower
Telegraph - Herald (Dubuque) › February 12, 2004
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Summary
NEW YORK (AP) - A tentative forecast on business spending from Cisco Systems Inc. hit the technology sector hard Wednesday, and the Nasdaq composite index plunged 2.5 percent. The selloff dragged the rest of the market downward in volatile trading.
Cautious investors moved to defensive positions, with blue chip shares showing greater strength than more speculative tech and small- cap stocks. As earnings season winds down, some analysts say the market may be headed for a pause, but despite Wednesday's tech selling, investors don't seem ready to pull out in large numbers yet.See the full content of this document
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Wall Street; Cisco Pushes Tech Stocks Lower
"Today, there's a lot of indeci...
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