U.S. blue chips slump; techs hold gains

Newswire

(Updates to late morning) By Denise Duclaux NEW YORK, Sept 27 (Reuters) - Blue chips sagged on Friday under worries about profit growth at giants like General Electric Co. and Philip Morris Cos. Inc. , but technology stocks perked up as professional investors dressed up portfolios for the quarter's end. "The story that this is going to be a tough quarter and companies aren't going to make expectations is relatively old," said Brian Pears, head of equity trading at Victory Capital ...

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