Wall Street Beat: Nasdaq Closes in on New Recession Low - PC World
Fri, Mar 6th, 2009
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Stock markets in many parts of the world sputtered this week amid worsening news in the financial sector, and despite some positive signs from places such as China.
The most-watched technology sector stock index, the Nasdaq Composite Index, is in danger of breaking through the 52-week low set last November amid continued investor worries about the impact of the downturn on consumer spending on gadgets such as PCs and smartphones.
Related stories from top sites:
- Financially, it's been a tough year for almost everyone, even the absurdly rich. Some of the tech world's richest men are billionaires no more, according to Forbes' new list of the world's billionaires...
- AOL is backing out of mainland China – again. Other than a PR rep or two, the company fired all 100 or so of its employees in its Beijing office, according Chinese portal Netease.com...
- DriverSide has raised $5.3 million in a second round of funding for its site which gives advice to car owners. Allegis Capital came aboard as a new investor and led the round...
- Mark Zuckerberg, top VCs drop off Forbes’ billionaire list
- Nortel Hell
- AOL Fires Everybody In China, Site Goes Two Days Without Update
- DriverSide raises $5.3 million for car advice site
- DriverSide Raises $5.3 Million To Help Keep Your Car Running Through The Recession
- Dell Cuts Staff Worldwide
- Wall Street: Google, Apple good - Palm, AMD bad
- What's Worth Paying for in a Recession
- Big Blue flaunts Meltdown-proof coating
- Wall Street Beat: Tech Forecasts Down Amid Market Tumult
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