Wednesday, May 23, 2007

U.S. Stocks Fall, Led by Technology Companies; McDonald's, Intel Decline

(Bloomberg) -- U.S. stocks fell for the first time
in four days after Analog Devices Inc. said profit may trail
analysts' estimates and former Federal Reserve Chairman Alan
Greenspan warned the stock market in China faces a ``dramatic
contraction.''

McDonald's Corp., Intel Corp. and International Business
Machines Corp. posted the steepest declines in the Dow Jones
Industrial Average, while technology shares led the Standard &
Poor's 500 Index's retreat. Analog Devices, a maker of
semiconductors used in everything from mobile phones to cars,
fell the most in nine months.


Read more at Bloomberg Stocks News

No comments: