The Dow Jones Industrial Average fell 40.16 or 0.5 per cent, to 8823.82, surrendering a 72-point gain. The Standard & Poor's 500 Index dropped 7.28 or 0.7 per cent to 1120.98. The Nasdaq Composite Index held up best, slipping 3.39 to 1862.23.
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US STOCKS fell for a third day as an optimistic sales forecast from the microchip-maker Intel was overshadowed by concern that the Federal Reserve will not cut interest rates next week. Drug companies and bank shares led the decline.