Technical Rally Attempt Fails Prices Close Mixed to Lower
A technology themed rally faltered as traders reassessed early gains with prices closing mixed to lower. Analysts cited cautious sentiment and profit taking after a volatile session across major indices and tech shares.
Investors Wary As Markets Slip Amid Economic Worries
Investors remain cautious after a weak session with the Dow Jones Industrial Average slipping 3.06 points to 839.50. Volume on the NYSE rose modestly to 47 million shares, while the American Stock Exchange saw 1.06 million trades. Major closes included AMP at 73 3/4, Texaco down, and notable declines in General Telephone and McGraw Hill.
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