Technology stocks fell yesterday as renewed jitters about slowing earnings in the computer sector once again slapped a number of high-technology heavyweights lower, including bellwether Intel. .
Blue chips, meanwhile, staged a modest rally as investors sought shelter from the prospect of dwindling corporate earnings and trouble brewing in the Middle East. The winners were heavy industry and retailing shares like Wal-Mart Stores.
Oil prices settled at around $33, off more than $2 a barrel, on hopes that the violence between Israelis and Palestinians will soon cease.
The technology-packed Nasdaq Composite fell 26.49, or 0.80 per cent, to 3,290.28. The index had on Friday staged a spectacular rally, gaining almost 8 per cent, after declining for much of the month.
The Dow Jones ended up 46.62, or 0.46 per cent, to 10,238.80, while the broader Standard & Poor's 500 Index rose 0.45 of a point, or 0.03 per cent, to 1,374.62.
