US STOCKS-Market briefly cuts gains on tech drag

Newswire

NEW YORK, Nov 25 (Reuters) - The Dow and the S&P 500 pared gains, while the Nasdaq briefly slipped into negative territory on Tuesday, as concerns about the deepening economic downturn hurt technology shares. The drag from big-cap technology shares tempered optimism about the Federal Reserve's new facility to bolster consumer lending, whose announcement underpinned gains among financial and retail stocks. The Dow Jones industrial average was up 135.24 points, or 1.60 percent, at ...

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