Friday, March 30, 2007

US blue chips up on safety bid amid Iran concerns

(Reuters) - U.S. blue chips ended higher on Thursday with investors scooping up large-cap, defensive stocks including Altria Group Inc. and energy shares, as the dispute between Iran and the West appeared to escalate.

The Nasdaq was nearly unchanged as a rally in biotechnology shares was offset by profit warnings from the semiconductor sector.


Read more at Reuters Africa

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