NEW YORK, July 26 (UPI) -- U.S. tech stocks slipped and blue chips broke even Monday, despite strong second quarter earnings and a respectable if modest outlook for the rest of 2004.
The Dow Jones industrial average slipped 0.30 or 0.00 percent to 9,961.92 on a volume of 1.41 billion shares, CNN said. The Nasdaq composite index gave up 10.07 or 0.54 percent to 1,839.02, and the Standard & Poor's 500-index lost 2.13 or 0.20 percent to 1,084.07.
Earnings have been generally good, said Peter Cardillo, chief market analyst at S.W. Bach, and Monday's existing housing sales report was upbeat -- but not upbeat enough to excite traders.
The 10-year Treasury note lost 3/8 point, or $3.75 for each $1,000 invested, for a 4.49 percent yield.
The dollar fell to 109.88 from 110.12, as the euro rose to $1.2141 from $1.2103.
In Tokyo, the Nikkei stock average of 225 issues lost 27.78 or 0.25 percent, to 11,159.55. In London, the FTSE 100 share index slipped 39.3 or 0.91 percent to 4,287.
