U.S. Stocks Slide Despite Rate-Cut Hints

Schachter, Ken
October 2008
Red Herring;10/7/2008, p3
Trade Publication
The article reports on the drop in U.S. stocks despite hints of an interest rate cut. It states that technology stocks led U.S. equities lower due to concerns of a coming recession. It mentions that the Morgan Stanley High-Technology Index dropped 5 percent to 391 as online retailer Amazon.com skidded 9.5 percent to $59.04.


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