Tech Stocks Tumble as Turmoil Continues

Schachter, Ken
September 2008
Red Herring;9/17/2008, p7
Trade Publication
This article deals with the continued downward trend of stocks on September 12, 2008 in spite of the U.S. Federal Reserve's $85 million bailout to American International Group (AIG). The Dow Jones Industrial Average experienced a 2.3 percent drop, while Nasdaq lost 57.1 points or a 2.6 percent decline. SanDisk experienced a 45.4 percent gain following its rejection of an inadequate $5.85 billion takeover bid by Samsung. In the Asian market, a 3.6 percent drop was posted by the Hang Seng Index.


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