Investor Midday: Bad news slows rally

Summary:Technology stocks struggled to hold their gains for the week as employment data indicated that the U.S.

Technology stocks struggled to hold their gains for the week as employment data indicated that the U.S. economy continues to falter. The Nasdaq rose 0.92 to 1,899.87.

The Dow Jones industrial average dropped 44.18 to 9,969.29, and the Inter@ctive Week @Net Index fell 3 to 171.61.

The number of U.S. citizens seeking first-time unemployment benefits last week reached its highest level in five years, the U.S. government said.

The economic report was one of many on Thursday that pointed to a worsening downturn. Full story. --Tiffany Kary, ZDII

Topics: Tech Industry

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