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>> NASDAQ Latest News

MAR 21, 2014 - Yahoo! News

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Wall Street ends lower as biotechs fall; indexes up for week

By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks slipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high. Biogen Idec Inc , down 8.2 percent at $318.53, and Gilead Sciences Inc , down 4.6 percent at $72.07, were the two biggest drags on the S&P 500. The Nasdaq biotech index fell 4.4 percent. Obviously, it's a momentum sector, and all the momentum names are getting smacked around," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New ... Read More

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