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Data showing a slump in consumer confidence and new home sales raised the specter of a severe economic downturn and drove the Nasdaq Composite Index down more than 4 percent Tuesday. The tech-heavy index sank 100.68 points, or 4.36 percent, to finish at 2,207.82, its lowest close since Jan. 3, 1999.The Dow Jones industrial average inched down 5.65 points, or 0.05 percent, to end at 10,636.88. The broader Standard Poor s 500 Index declined 9.71 points, or 0.77 percent, to 1,257.94, within flirting distance of a two-year low.Tech stocks remained under pressure Tuesday as investors punished stocks they feared w
stanley cup ould perform poorly in a weak economy.Some of the biggest losers: JDS Uniphase, which tumbled $4.81 to $27.81, and Cisco Systems, which fell $2.06 to $24. The Dow was also hurt by losses in its technology components, including IBM, off $2.71 at $102.59, and Hewlett-Packard, down $1.40 at $28.60.Brorson, the Northern Trust analyst, said the hemorrhaging reflects the fact that many tech stocks are still pricey, even when the sharp declines of the last six months are considered. Some of these stocks are still trading at a price that s 57 times the current year s earnings, he said. That s expensive. The data showing consumer co
stanley cup nfidence at a four-year low stoked expectations for more interest-rate cuts by the Federal Reserve, but the latest economic numbers also prompted speculation about whether the rate cuts will arrive in time to prevent a more prolonged
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This is how far a mother will go. Your daughter has been sick for more than four years with a severe autoimmune disease that has left her colon raw with bloody ulcers. After multiple doctors and drugs have failed, you are frantic f
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stanley cup ody about it. I ;ve told people that we replaced her鈥?and you pause, unhealthy bacteria with
