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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 239.16

+2.1%

Jan 23 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (129744)	8/8/2001 5:07:28 AM
From: GST	Read Replies (1) of 164684

Going into recession -- sorry. "Traders were slightly rattled also by data from the Federal Reserve, released after the close last night, that U.S. consumers unexpectedly cut back their borrowing in June, marking the first decline in consumer credit outstanding since 1997. The numbers are bad news as markets have been counting on American consumer spending to continue to prop up the flagging economy. "We really need to see consumers continue to keep spending, but the consumer credit numbers shows people are being more conservative than expected. The economy could really struggle," Ley said."

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