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[sharechat] Tech stocks crumble in US


From: frank fernandez <frank.fernandez@xtra.co.nz>
Date: Sat, 19 Feb 2000 19:44:23 +1300


Could be a case of battening down the hatches on Monday for a probable
rough ride if the latest news from the US (below) is any guide.

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Technology shares crumble
                 Blue-chip slide spreads to Nasdaq stocks

NEW YORK (CBS.MW) -- Technology stocks plunged Friday as declines by
software and computer hardware shares sapped energy from the group,
leading a broad sell-off amid concerns that rising interest rates could
end Wall Street's record run.
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U.S. stocks slide as techs fall prey to rate worries

NEW YORK, Feb 18 (Reuters) - U.S. stocks crumbled on Friday, dragged
down by technology issues .......

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