Blue Chips Slip On Oil

NEW YORK -- U.S. stocks finished mostly lower on Tuesday, with renewed concerns about the financial sector weighing on the broad market, but with the technology sector receiving a late boost from a report that billionaire financier Carl Icahn might try to take over the board of Yahoo Inc. The major indexes had slumped for much of the day, with financials greasing the slide, after Federal Reserve Chairman Ben Bernanke described financial markets as far from normal and an analyst slashed estimates for major brokers, including Merrill Lynch & Co.
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Posted by Editor at May 14, 2008 10:22 AM