U.S. blue chips slump, tech stocks turn positive

Newswire

(Updates to mid-morning) By Denise Duclaux NEW YORK, Sept 27 (Reuters) - Blue chips sagged at mid-morning on Friday after sour calls on General Electric Co. and a bleak outlook from cigarette maker Philip Morris Cos. Inc. , but tech stocks turned positive as professional investors readied for the end of the quarter. Analysts cut earnings estimates and investment opinions on GE after a closer look at the conglomerate's numbers revealed weak spots. Philip Morris, the world's No. 1 ...

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