Stocks Fall to Profit-Taking

After Greenspan's upbeat remarks, investors concluded that rates are headed higher. Friday brings jobs data and profit updates from some big tech names

Positive comments from Federal Reserve Chairman Alan Greenspan could not lift markets Thursday. In his appearance before the Senate Banking Committee, the Fed chief suggested the recession is over. But many investors pocketed recent gains on fear that the faster-than-expected recovery may result in a quick return to interest rate hikes.

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