26 January 2001, 16:42  Nasdaq ends down 3.37% after late rally, Dow Jones up

New York--Jan. 25--The Nasdaq fell more than 3% as selling pressure set in after recent gains. The decline in technology stocks gave the Dow industrials a boost, however, as investors rotated money into cyclical, drug and retail stocks. Meanwhile, Fed Chairman Alan Greenspan's comments before the Senate Budget Committee offered hope of an aggressive rate cut next week, some analysts said. The Nasdaq closed down 104.82, or 3.67%, to 2754.33 and the Dow was up 82.55 to 10,729.52. The S&P 500 was down 6.79 to 1357.51.

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