Wall Street Stampede Tramples Tech

Schachter, Ken
September 2008
Red Herring;9/15/2008, p10
Trade Publication
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.


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