Blue-Chip Stocks See Red

Sat., Jan. 22, 2000

From Staff

Blue-chip stocks fell for a fourth straight session Friday as investors found many reasons to move money away from industrial companies and toward the technology issues that once again pushed the Nasdaq composite to a new closing high.

The Dow Jones industrial average fell 99.59 to 11,251.71. The blue-chip index tumbled every day in the holiday-shortened week, finishing 471.27 points below last Friday’s close.

The technology-dominated Nasdaq composite index rose 45.89 to close at 4,235.40, extending the record it set Thursday.

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Blue-Chip Stocks See Red

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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