11.   Analysts said large investors are selling to try to lock in gains in technology stocks before the holidays.

12.   Analysts said U.S. investors may sell Gallaher stock, fearful of currency risks.

13.   Analysts speculated that the shares were heavily traded because U.S. investors sold their holdings, many of which were then picked up by U.K. investors.

14.   Analysts said some investors were selling blue-chip stocks to buy smaller companies that promised quicker earnings growth.

15.   And if international investors sell bonds, they may sell dollars too as they switch their money to another country.

16.   And in April, fixed-income funds, especially tax-exempt funds, tend to trade at especially large discounts, as investors sell them to pay taxes.

17.   And when investors sell U.S. securities, they often convert the dollar proceeds into other currencies.

18.   And while hedge-fund investors have not sold their Russia holdings, few seem to be buying either.

19.   Another rumor was that Japanese investors were selling U.S. Treasury securities, in part to make up for recent losses in the Japanese bond market.

20.   Argentine stocks fell as investors sold shares in a money-losing paper company Celulosa Argentina SA and two automakers, which reported sharp losses.