NEW YORK: Blue chips scraped out modest gains on Friday as US-led forces closed in on Baghdad, but technology stocks slumped under the weight of earnings warnings from companies like software maker PeopleSoft Inc.
US troops seized Baghdad's international airport on Friday in their biggest victory of the war to oust Saddam Hussein, but the Iraqi government threatened to strike back with “non-conventional” means and the US military said it would take time to get a grip on the city.
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