Tech Stocks Plunge Again
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Stocks in the U.S. fell hard again Friday as increased loan losses at Wachovia and a weak quarter from Qualcomm weighed on sentiment and had the major averages in the red all session. The selling accelerated in the final minutes...
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Highlights:
"There were not a lot of people willing to go long into the weekend," said Larry Wachtel, senior market analyst with Wachovia Securities. "It looked like with financials firming up we'd have a better final hour, but the market...
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From the list : Stock Market '07 by mona_moolah
We've had a big correction, so now it's a bottoming process that will lead us into next week." The major averages notched a second losing week in a row. The Dow lost 4%, and the S&P 500 closed down 3.8%. The Nasdaq suffered the most, tumbling more than 6.5%. Breadth was weak and volume was heavy heading into the weekend. On the New York Stock Exchange 4.44 billion shares changed hands, as decliners toppled advancers by an 8-to-3 margin. Volume on the Nasdaq reached 2.95 billion shares, with losers beating winners 2 to 1.
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