Author: 123jump.com Staff
123jump.com
Last Update: 4:39 PM EST March 01 2007

The global sell-off in stocks continued in the U.S. after the nation''s biggest mortgage lender warned of more delinquencies and the outlook for inflation and unemployment worsened. Gains in companies whose earnings are less reliant on economic swings helped keep the market from falling more. Utilities, led by Duke Energy Corp., gained the most. Oracle Corp. jumped on $3.3 billion stock buy-back. Dell reported earnings and sales that missed lowered estimates. Europe and Asia closed lower.