Blogs Send Stocks Lower on Talk of Kerry Victory

by repost

Tue, Nov 2, 2004 5:22PM

Traders said part of the stock slide was due to the unconfirmed blog reports. "Apparently the blogs are saying that Kerry is ahead in one or two of the swing states and that's why the market dipped," said Lisa Hansen, head trader at Transamerica Investment Management.

Pro-Kerry campaign-watching sites began trumpeting early exit poll data just before 2 p.m. These included MyDD.com, which said it had access to exit poll data showing Kerry leading in several swing states.

Blogs Send Stocks Lower on Talk of Kerry Victory
Tue Nov 2, 2004 05:22 PM ET

NEW YORK (Reuters) - Internet blogs touting what they said were exit polls showing Democratic challenger John Kerry ahead in early voting in the American presidential election sent U.S. stocks and the dollar lower on Tuesday.

Stocks rallied early on Election Day but sank in afternoon trading after mostly pro-Kerry blogs cited results they said showed the Massachusetts senator leading President Bush in early voting in key states like Pennsylvania, Florida and Ohio.

For more information: http://olympics.reuters.com/newsArticle.jh...

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