- The Washington Times - Wednesday, October 10, 2001

NEW YORK (AP) Wall Street maintained a low profile yesterday, with cautious investors selling stocks moderately lower on an unsurprising Supreme Court ruling on Microsoft and taking profits from the market's recent rally.
The pullback was expected given recent gains, notably five consecutive wins for the Nasdaq Composite Index, and political uncertainty as the United States continues military strikes in Afghanistan.
The Dow Jones Industrial Average closed down 15.50 at 9,052.44, having gained 272.21, or 3.1 percent, last week. Microsoft was the weakest Dow industrial, falling $3.48, or 6 percent, to $54.56 after the Supreme Court said it would not hear the software maker's appeal of its antitrust case, a decision analysts said the market expected.
The broader market was also weaker. The Nasdaq fell 35.76 to 1,570.19, having claimed a five-day, 125-point winning streak Monday, its first five straight gains since the week of June 25. The Standard & Poor's 500 index, considered the best measure of Wall Street's performance, declined 5.69 to 1,056.75.
Analysts also said it was hard to discern what was the biggest factor in yesterday's mild downturn as investors refrained from making major commitments, keeping trading volume lighter than it has been recently.
Investors seemed to be waiting and watching, putting off big decisions to await news on the political and economic fronts.
The Dow is about 600 points below its Sept. 10 close, while the Nasdaq is down about 120 points.

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