Stocks were sharply lower in early trading today thanks to the turmoil in Asian markets. Tech stocks followed suit, with the Nasdaq down nearly 2 percent and Oracle crying that the slower Asian demand contributed to its sad quarterly earnings. Oracle has recovered about 1.5 percent (to US$23 per share). In midmorning, the Dow was off by 105.93 points at 7872.86 after Wednesday's 71-point slide. Elsewhere, Tokyo's Nikkei fell 1.4 percent, Frankfurt's DAX lost 2.1 percent, and London's FTSE fell by 80 points.
Market Update
Stocks were sharply lower in early trading today thanks to the turmoil in Asian markets. Tech stocks followed suit, with the Nasdaq down nearly 2 percent and Oracle crying that the slower Asian demand contributed to its sad quarterly earnings. Oracle has recovered about 1.5 percent (to US$23 per share). In midmorning, the Dow was off by 105.93 points at 7872.86 after Wednesday's 71-point slide. Elsewhere, Tokyo's Nikkei fell 1.4 percent, Frankfurt's DAX lost 2.1 percent, and London's FTSE fell by 80 points.
