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/ 83.5.236.* / 2009-04-15 13:19
U.S. stocks dropped on Tuesday after a surprising retail sales drop and as traders sold Goldman Sachs shares after a $5 billion stock offering. The Dow Jones Industrial Average fell 137 points, the S&P 500 dropped 17 points and the Nasdaq Composite lost 27 points.
Intel (INTC:
Intel Corporation
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Last: 16.01+0.03+0.19%
4:00pm 04/14/2009
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INTC 16.01, +0.03, +0.2%) fell 4% in Frankfurt as the company projected sales to be roughly flat from the first quarter and gross margins in the mid-40s, which were disappointing to some analysts who were expecting a bounce in the second quarter.