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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (1167)7/2/2002 12:28:48 PM
From: stockman_scott  Read Replies (1) of 89467
 
Dow plunges below key 9,000 level

By Allen Wan
07/02/2002 12:01
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The Dow Jones Industrial Average plunged below the key psychological level of 9,000 in late morning trade Tuesday as investors dumped key technology stocks such as Intel following a slew of earnings warnings and brokerage earnings' estimate cuts. The Dow was down 1.1 percent, while the Nasdaq, which hit five-year closing lows Monday, tumbled 2.9 percent. Intel plunged 5.8 percent to $16.51.
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