U.S. blue chips sink as interest rate fears return

Newswire

(Updates to late morning) By Bill Rigby NEW YORK, April 23 (Reuters) - U.S. blue-chip stocks fell on Friday, led down by construction equipment firm Caterpillar Inc. , as fears of impending interest rate hikes returned to worry investors. Technology stocks rose for the third straight session as revenue increases at Microsoft Corp. suggested the rebound in technology spending is persisting. "It's going to be a bit of a bumpy road until the market really gets used to the idea of ...

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