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Intel leads big retreat in world markets

Published: November 19, 2009 12:12 PM
By The Associated Press  PAN PYLAS (AP Business Writer)

Quick ReadIntel leads big retreat in world markets after reported broker downgrade

LONDON (AP) — World stocks slid Thursday after analysts at Bank of America Merrill Lynch reportedly downgraded their recommendations on a series of U.S. technology stocks, including Intel Corp. That feeded mounting concerns that current valuations are not justified by the pace of the global economic recovery.

In Europe, the FTSE 100 index of leading British shares closed down 74.43 points,...

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