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US STOCKS-Market hits session lows on Bernanke remarks

Thu Feb 14, 2008 9:53pm IST
 
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(Updates to show indexes at session lows)

NEW YORK, Feb 14 (Reuters) - U.S. stocks fell on Thursday, with the Nasdaq down 1 percent, after Federal Reserve Chairman Ben Bernanke said economic growth would be sluggish at best in the near term and negative broker action on Intel Corp (INTC.O: Quote, Profile, Research) sparked a sell-off in technology companies.

All three indexes were at session lows.

The Dow Jones industrial average .DJI was down 114.29 points, or 0.91 percent, at 12,437.95. The Standard & Poor's 500 Index .SPX was down 11.18 points, or 0.82 percent, at 1,356.03. The Nasdaq Composite Index .IXIC was down 25.50 points, or 1.07 percent, at 2,348.43. (Reporting by Kristina Cooke; Editing by Leslie Adler)

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