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14 June 2001 10:01  US Equities Review: Lower; Tech stocks fall on profit worries


New York, June 13 (BridgeNews) - U.S. stocks ended lower Wednesday as investors focused on some negative analyst calls, another round of earnings warnings and data showing that the economy remains very weak. The Nasdaq ended down 48.29, or 2.23%, to 2121.66. The Dow Jones industrial average was down 76.76, or 0.70%, to 10,871.62. The S&P 500 was up 14.25, or 1.13%, to 1241.60. * * * "The hesitancy we're seeing reflects the growing fear that the economic recovery keeps drifting out of reach," said John Forelli, portfolio manager at Independence Investment. "The Fed turned the spigot wide open so you have to believe things will get better. It's just hard to see it right now. The short-term outlook remains the same: very weak."
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