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To: Softechie who wrote (4026)	12/13/2002 5:53:17 PM
From: pallmer	Respond to of 29600

-- U.S. stocks slip on global jitters, poor economy -- (Updates to 4 p.m. close) NEW YORK, Dec 13 (Reuters) - Rising global tensions and a hazy corporate profit picture soured Wall Street sentiment on Friday, helping drag the market down to its second straight week of losses. A bearish investment call for the chip industry made investors hesitant to funnel money into stocks after a string of mixed economic reports. The mood was also cautious before the fourth-quarter confessional season, when profit warnings are common. Intel Corp. <INTC.O> fell 59 cents to $17.60. "There's just not a lot of conviction here from the point of view of buyers," said Richard Cripps, chief market strategist at Legg Mason Wood Walker. "It's hard to get things started here. The market is looking very heavy." North Korea's decision to reactivate a nuclear power plant, worries about Iran's nuclear capabilities and a report that extremists linked to al Qaeda received a chemical weapon added to geopolitical jitters in light of a possible U.S. war with Iraq. The Dow Jones industrial average <.DJI> closed down 104.55 points, or 1.22 percent, at 8,433.85, according to the latest figures. The broader Standard & Poor's 500 Index <.SPX> fell 12.08 points, or 1.34 percent, to 889.50. The technology-laced Nasdaq Composite Index <.IXIC> declined 36.92 points, or 2.64 percent,to 1,362.63. ((Wall Street Desk, 646-223-6115)) ((Xtra clients: Click on topnews.session.rservices.com to see Top News pages in multimedia Web format. If you cannot access the pages, ask your IT department to check your Internet firewall settings. For a technical advisory, click on <C9991>)) (C) Reuters 2002. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN13370118 .N Symbols: US;INTC US;SPX CA;INTC XE;INTC US;COMP US;SPL US&DJI 13-Dec-2002 21:00:48 GMT