19 July 2001, 09:14 US stocks end lower on profit woes; Greenspan comments
New York, July 18 (BridgeNews) - U.S. stocks ended lower as investors
punished companies that reported disappointing quarterly results or warned
of a shortfall in the coming months. Commentary from Federal Reserve
Chairman Alan Greenspan, which downplayed a near-term recovery in the
economy, also added to the negative tone. The Dow Jones industrial average
ended down 36.56 points at 10,569.83 and the Nasdaq Composite index fell
50.94 points to 2016.38.
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