http://www.dianaswednesday.com/2007/10/wednesday-night-1339/ Where the world comes together Sat, 30 Aug 2008 02:14:54 +0000 http://wordpress.org/?v=2.2.2 http://www.dianaswednesday.com/2007/10/wednesday-night-1339/#comment-596 Diana Thébaud Nicholson Fri, 09 Nov 2007 21:02:40 +0000 http://www.dianaswednesday.com/2007/10/wednesday-night-1339/#comment-596 November 9, 2007 <strong><a href="http://www.nytimes.com/2007/11/09/business/09cnd-stox.html?hp=&adxnnl=1&adxnnlx=1194641301-3Roo30AoXBvchlli+4hzkA" rel="nofollow">Stocks Edge Lower on Deepening Credit Worries</a></strong> By MICHAEL M. GRYNBAUM, New York Times Stocks declined today after another large bank said it would write down the value of some of its assets, reigniting fears of a credit squeeze. The Dow Jones industrial average plummeted 204 points, or 1.5 percent, early in the day before pulling back as technology stocks extended their losses. ... Technology stocks, which suffered one of their first significant sell-offs in months yesterday, dropped another 2.3 percent in morning trading. Qualcomm, the wireless company, said last night that it expected business to drop over the coming months, underscoring fears that technology companies will be hurt by an expected slowdown in the economy over the next few months. Cisco Systems, the networking giant, ignited yesterday’s sell-off with a similar report. The Nasdaq composite index, heavy with technology shares, was down 39 points, or 1.5 percent, to 2,655.54 at 2:30 p.m. November 9, 2007
Stocks Edge Lower on Deepening Credit Worries
By MICHAEL M. GRYNBAUM, New York Times
Stocks declined today after another large bank said it would write down the value of some of its assets, reigniting fears of a credit squeeze. The Dow Jones industrial average plummeted 204 points, or 1.5 percent, early in the day before pulling back as technology stocks extended their losses. …
Technology stocks, which suffered one of their first significant sell-offs in months yesterday, dropped another 2.3 percent in morning trading. Qualcomm, the wireless company, said last night that it expected business to drop over the coming months, underscoring fears that technology companies will be hurt by an expected slowdown in the economy over the next few months. Cisco Systems, the networking giant, ignited yesterday’s sell-off with a similar report. The Nasdaq composite index, heavy with technology shares, was down 39 points, or 1.5 percent, to 2,655.54 at 2:30 p.m.

]]>