TITLE

Wall Street Stampede Tramples Tech

AUTHOR(S)
Schachter, Ken
PUB. DATE
September 2008
SOURCE
Red Herring;9/15/2008, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of the decision of Lehman Brothers to file for bankruptcy and the acquisition of Merrill Lynch by Bank of America on stocks owned by technology companies. Stocks of Apple, Cisco, Intel and Dell declined as panicked investors moved to the sidelines. Dow Jones Industrial Average lost 504 points, or 4.4 percent, while Nasdaq tumbled 81 points, or 3.6 percent. Also, the Morgan Stanley High Tech Index lost 3.4 percent.
ACCESSION #
36646741

 

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