Stocks Sink, Eliminating Much of the Year's Gains

Next week, investors will look for more clues on the slowing economy when Greenspan testifies on the economy's outlook

Hit by news of possible layoffs and alleged fraudulent accounting practices among tech bellwethers, investors – already nervous about a slowing economy – dumped technology shares. Blue chips also were not immune to the sell off, finishing sharply lower. The selling spree wiped out a sizeable chunk the year's gains.

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