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European Shares Fall Slightly

January 19, 2001

LONDON (AP) _ European stocks turned lower Friday after an opening dip in the U.S. Nasdaq market.

European markets started the day strong, with technology and telecommunications investors apparently pleased by earnings reports Microsoft and Nortel Networks released late Thursday.

But a Nasdaq downturn _ prompted by worries about future Microsoft earnings and possible weaknesses at Sun Microsystems _ appeared to hurt European markets later.

The Dow Jones Stoxx Index of shares in European companies was down 0.2 percent to 341.33 points.

The Dow Jones Euro Stoxx Index, which tracks companies in countries that adopted the unified euro currency, fell 0.3 percent to 350.74 points. The Dow Jones Euro Stoxx 50 Index was 0.6 percent lower at 4,725.20 points and the Dow Jones Stoxx 50 Index dropped 0.6 percent to 4,503.7 points.

In domestic markets, London’s FTSE-100 Share Index fell 0.6 points to 6,209.3. Frankfurt’s Xetra DAX Index rose 20.97 points, or 0.3 percent, to 6,656.73. The Paris CAC-40 Index fell 14.43 points, or 0.25 percent, to 5845.73.

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