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Stocks fall on tech profit worries, oil

2/07/2008 - 17:05

NEW YORK (Reuters) - Stocks slid to session lows on Wednesday, with the Nasdaq falling more than 1 percent, as shares of major technology companies dropped on profit worries and a rebound in oil prices stirred caution about economic growth.

The Dow Jones industrial average <.DJI> fell 49.26 points, or 0.43 percent, to 11,333.00. The Standard & Poor's 500 Index <.SPX> dropped 6.04 points, or 0.47 percent, to 1,278.87. The Nasdaq Composite Index <.IXIC> declined 30.28 points, or 1.31 percent, at 2,274.69.

(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)


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