Blue Chips Gain at Nasdaq's Expense

Investors sought the safety of Old Economy names. People stayed on the sidelines ahead of Intel's earnings report, according to one market watcher

With Intel Corp. (INTC ), the world's largest chipmaker, set to post its quarterly profits after the close, few investors wanted to take any chances. Instead, Wall Street fell back into a familiar pattern on Tuesday, shifting money into old-line blue chips from now-chastened technology names such as Intel.

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