Exact(20)
Yesterday, however, even economically sensitive stocks continued to be plagued by profit taking.
A number of blue chips were clipped by profit taking after posting recent gains.
Strong early gains were eroded by profit taking on technology stocks, but the markets recovered somewhat by the afternoon.
Pepsico is one of the stocks that had been hit hard by profit taking in the last week.
In Tokyo, an eight‐day up ward run was checked by profit taking prompted by the high price levels.
Corn prices were pushed lower by profit taking, with the market ignoring planting delays and the possibility of yield losses from late planting of fields.
Similar(40)
But smaller stocks retreated slightly from their recent gains today, weighed down by widespread profit taking.
In Tokyo, a late rally helped to make up some of the earlier losses caused by liquidations and profit taking.
In New York yesterday, the price of crude oil for April delivery settled at $34.93 a barrel, down 45 cents, on profit taking by traders.
The price of crude oil for May delivery closed at $30.16 on the New York Mercantile Exchange, down 21 cents from Thursday because of profit taking by traders.
The decline was mostly a result of profit taking by traders after last week's surge, according to Bette Raptopoulous, an analyst with Prudential-Bache Securities iNew Yorkrk.
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