After 3 hours and 10 minutes, Greenspan and Co. emerged from their hole and saw their shadows, which means one more month of unchanged interest rates. Wall Street expected as much, and the Dow and Nasdaq indexes continued slides that began at the opening bell. The day's big loser: Texas Instruments, down 12 percent. The company had no comment on the stock's drop; analysts attributed it to falling DRAM prices.
Rates Steady; Dow Down
After 3 hours and 10 minutes, Greenspan and Co. emerged from their hole and saw their shadows, which means one more month of unchanged interest rates. Wall Street expected as much, and the Dow and Nasdaq indexes continued slides that began at the opening bell. The day's big loser: Texas Instruments, down 12 percent. The company had no comment on the stock's drop; analysts attributed it to falling DRAM prices.
