Dow loses ground after early gains

Most stocks in New York fell again yesterday, but Internet and blue-chip technology shares forged ahead despite pressures to …

Most stocks in New York fell again yesterday, but Internet and blue-chip technology shares forged ahead despite pressures to take profits after a month of big gains.

The Dow Jones industrial average gave back a 26-point gain and fell 33.98 points - or by 0.4 per cent - to 8,863.98, its second fall day in a row after a string of eight sessions without a loss.

Broader stock indexes also extended Monday's modest downturn - with the exception, once again, of the technology-laden Nasdaq composite.

The Standard and Poor's 500 fell 1.96 to 1,128.24, and the Nasdaq composite index rose 4.57 to 1,865.62.

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The NYSE composite index fell 1.72 to 557.42, and the American Stock Exchange composite index fell 1.02 to 665.09.