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Article: The Atlanta Journal-Constitution Wall Street column.
- Article from:
- Atlanta Journal-Constitution
- Article date:
- April 29, 2006
CopyrightCOPYRIGHT 2006 The Atlanta Journal-Constitution. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tom Walker
Apr. 29--A bloodbath in Microsoft shares offset news of the strongest first-quarter economy in almost three years on Wall Street Friday, preventing the market from ending the fourth month of 2006 on a positive note.
The Standard & Poor's 500-stock index eked out a fractional gain, however, while the Dow Jones industrial average and the technology-weighted Nasdaq composite fell moderately thanks to Microsoft's weighing in both indexes.
Microsoft's announcement that it will increase its Internet spending to meet competition from Google disappointed investors, who eventually unloaded 591 million shares in the company's 11.4 ...