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Ian Lamont

Fear returns to stocks, Yahoo down 8%

Ian Lamont10.09.2008
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It was another grim day on Wall Street on Thursday, as credit fears and worries over a recession led to a late-afternoon selloff. The Dow lost more than 7% and the technology sector fell 4%. A few Internet giants were especially hard hit, including Yahoo (YHOO), which fell to $12.65, an 8% drop. Online technology publisher TechTarget (TTGT) was one of the biggest losers on a percentage basis, dropping more than 20% to $3.68.

There were a handful of gainers in the technology sector, including Research in Motion (RIMM) which just yesterday announced its new BlackBerry Storm handset.

 

 


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