Dow dips as oil rises, Nasdaq inches up on semis

Newswire

(Updates to late morning) By Caroline Valetkevitch NEW YORK, Nov 22 (Reuters) - U.S. blue-chip stocks slipped on Tuesday amid renewed worries that higher oil prices could dampen consumer spending and corporate profits, while the Nasdaq index edged up with gains in semiconductor stocks. Shares of General Motors Corp. fell further after Monday's losses, declining 3 percent to $22.87 on the New York Stock Exchange. Analysts said they were skeptical that the plant closings and job cuts ...

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