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APR 25, 2014 - San Francisco Chronicle

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Stocks drop sharply; Amazon, tech shares drop

Worried investors sold their risky assets and moved into the traditional safe havens: bonds, gold and stocks that pay high dividends like utilities. Amazon reported late Thursday an increase in first-quarter profit, but the company also said that spending on investments will likely lead to an operating loss in the second quarter. The retail giant dragged the rest of the technology sector lower, making it one of the worst performing sectors in the S&P 500. Investors have had little patience for companies missing their forecasts this quarter, said Scott Clemons, chief investment strategist ... Read More

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