Market may slip on weak global cues
Published on Monday, September 1st, 2008 at 4:27 AMAuthor: shivi (83 Articles)
Read the entire story at www.cafestocks.com/marketpulse under Morning Call
he market may edge lower on weak cues from global equities. US stocks tumbled on Friday, 29 August 2008, led lower by tech shares after computer maker Dell warned that companies worldwide are cutting back on technology spending. The Dow Jones industrial average lost 171.47 points, or 1.46%, at 11,543.71. The Standard & Poor’s 500 Index was down 17.93 points, or 1.38%, at 1,282.75. The Nasdaq Composite Index shed 44.12 points, or 1.83%, at 2,367.52.
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