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Savannah Morning News, Ga., Marketview Column.(Knight Ridder/Tribune Business News)

Knight Ridder/Tribune Business News

| May 04, 2000 | Rudd, Lauren | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Apr. 30--Stock prices were mixed Friday as technology shares rose for the second straight day, while the Dow Jones industrial average lost ground for the third straight day. As if playing musical chairs, Wall Street is again rotating funds out of the old-line blue chip companies and back into technology stocks as the Street continues to worry about higher interest rates.

The logic behind Friday's trading activity was that technology companies could better weather the expected increases in interest rates due to their higher growth rate and lower demand for borrowed capital. Meanwhile, the tech surge was led by a rally in semiconductor shares with Intel, Applied…

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