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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (55738)11/16/2001 2:46:20 PM
From: michael97123  Read Replies (1) | Respond to of 70976
 
Excuse for some profit taking. I would still think we get back to even today or even a little green on naz.

Friday November 16, 2:24 pm Eastern Time
U.S. stocks sag on Atlanta report, offset by war news
(UPDATE: Updates to early afternoon)

By Haitham Haddadin

NEW YORK, Nov 16 (Reuters) - Stocks fell to fresh session lows in early afternoon trading on Friday after a report that Atlanta's Hartsfield International Airport was shut after a man ran from a security checkpoint after being spotted with a gun.


``I heard that supposedly the Atlanta airport was evacuated ... That's probably what it is ... It seemed to coincide with that (pullback),'' said Brian Pears, head of equity trading at Victory Capital Management.

The report came from a local Atlanta radio station, which said all flights were temporarily suspended and passengers were evacuated from the airport while security officials searched for the man.

``Beyond that, it was a fairly decent week again, at least in the early part, and now we have a little bit of profit-taking,'' Pears said.

Earlier stocks were down but off lows in listless trade amid some support from news of more progress in the U.S.-led campaign against the hard-line Islamic Taliban in Afghanistan.

Still, weighing on the market somewhat were new statistics showing U.S. industrial output last month took its biggest dive in nearly 11 years and extended a string of monthly declines that was the longest since the Great Depression of the 1930s, the Federal Reserve said on Friday.