11. Shares of gold producers, such as Barrick Gold Corp., fell in tandem with bullion prices, dragging the market lower early in the session. 12. Should the market fall, the economy could weaken, which in turn, could drag the market lower still. 13. Telephone companies dragged the market down on speculation that the sale of mobile telephone services could be delayed and could force existing companies to lower their rates. 14. Stocks of large companies, often preferred by institutional investors as ways to bet on the strengthening economy, dragged the market lower. 15. Telephone companies dragged the market down on speculation that the sale of mobile telephone services could be delayed until August, Ribeiro said. 16. The lower-than-expected price increase could hold back earnings at benchmark CA Electricidad de Caracas this year, and that could drag the market lower. 17. The market was also dragged down by rising U.S. bond yields that threaten to lure investors out of Brazilian equities. 18. The market also was dragged lower after DSC Communications announced Friday said third-quarter revenues and earnings will be below analysts estimates. 19. The overall market was dragged down in part by higher bond yields. 20. The worsening financial crisis in South Korea again dragged down markets across the region. |