27 April 2001, 05:09  US STOCKS FALL BACK AFTER GAINS

An early rally in technology shares lost steam Thursday though energystocks and financials showed ains. The Nasdaq composite fell 24.92, or1.2 percent, to 2034.88, while the Dow Industrials rose 67.15 to10,692.35. The technology sector moved higher in early trading followingnew earnings results and confirmation of heavy capital spending by Intel.The leading chip maker, down 0.11 at 28.92 [INTC], confirmed that it willspend $7.5 billion on capital equipment, indicating its own confidence infuture business conditions.

© 1999-2024 Forex EuroClub
All rights reserved