Dow Off 18.66 as Rate Cut Hopes Dim
NEW YORK, July 14ÛÓBlue-chip stocks fell today as surprisingly strong June retail sales dimmed prospects for another interest rate cut by the Federal Reserve.</br></br>But the Nasdaq index rose to set its fourth record of the week, ending just shy of the 1,000-point mark.</br></br>The Dow Jones industrial average fell 18.66 to 4708.82 after recouping about half of a nearly 40-point drop. It gained 6.09 points on the week. Declining issues outnumbered advancing stocks by about 7 to 4 on the New York Stock Exchange.</br></br>387.48	million Thursday. The NYSE logged its second-busiest trading week ever, as 1.9 billion shares changed hands, compared with a record 2.3 billion for the week ending Oct. 23, 1987. The Nasdaq composite index rose 5.18 points to 999.33, surpassing the previous closing high set Thursday.</br></br>ÛÏWe had some disappointing earnings and stronger-than-expec-ted retail sales upset bonds. But stocks rebounded [off lows] and technology issues were very resilient,Û said Guy Truicko, portfolio manager at Unity Management.