NEW YORK: Blue chips slipped on Friday, falling over a weak earnings forecast from the world's No. 1 home-improvement retailer Home Depot Inc, but the Nasdaq managed to eke out a tiny gain, extending its 2003 rally for a second day.
Home Depot, the world's third-biggest retailer in terms of sales, slashed its earnings outlook for fiscal 2002, saying the sales environment would remain difficult. Its shares tumbled 14%, and the news weighed on other retailers.
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