Stocks slammed, day two
Market tumbles in a tech-led selloff for 2nd session in a row, as fears about rates, Iraq, swarm.
April 29, 2004: 6:15 PM EDT
By Alexandra Twin, CNN/Money Staff Writer
NEW YORK (CNN/Money) - U.S. stocks tumbled Thursday for the second session in a row, as worries about interest rates reared their ugly head again, this time on the heels of the morning's mixed read on gross domestic product growth in the first quarter.
The Nasdaq composite (down 30.70 to 1958.78, Charts) fell nearly 1.6 percent, the Standard & Poor's 500 (down 8.50 to 1113.89, Charts) index lost 0.75 percent and the Dow Jones industrial average (down 70.30 to 10272.27, Charts) lost 0.7 percent. Declines were steeper one hour before the close.
"The market is in one of these funks where it puts a negative spin on everything," said Donald
http://money.cnn.com/2004/04/29/markets/markets_newyork/index.htm?cnn=yes