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UPDATE 2- Applied Materials weighs on Wall Street.
(From FT Investor (Stories))
Wall Street's expected rebound failed to materialise at the open as a dismal forecast from Applied Materials and continued worries about a war with Iraq took centre stage.
Ten minutes into trading, the Dow Jones Industrial Average was down 17.00 at 7,928.13 and the S&P 500 index fell 3.18 to 841.43. The tech-heavy Nasdaq Composite shed 12.70, or 1 per cent, to 1,309.65.
The Dow on Thursday closed below 8,000 for the second time this week and is off more than 2 per cent for the week.
President George W. Bush and Tony Blair, UK prime minister, were scheduled to meet at Camp David later on Friday. Mr Blair is …
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News wire article from: San Jose Mercury News (San Jose, CA)
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- Applied Materials' earnings decline.
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News wire article from: Knight Ridder/Tribune Business News
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- Semiconductor Equipment Maker Applied Materials to Cut Another 1,700 Jobs.
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News wire article from: San Jose Mercury News (San Jose, CA)
December 13, 2001
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