Hi-tech went to the peak
At the New York Stock Exchange last week ended with a significant drop in the shares of almost all IT-companies. The public noticed only the fall of Google (as reported on Habré), but in fact this happened to everyone. Only for three for the Nasdaq index decreased by as much as 200 points, that is, by 7%. This is the worst week since 2002.
The fall of the IT sector began on Wednesday. The reason is market concerns about the future of the IT industry. The market is afraid that the IT sector will suffer from the global crisis in the market of bank loans, which has already affected the financial, automotive and other markets. Indeed, it is logical to assume that because of the crisis, all companies will invest less in technology.
More than others suffered by Cisco, which personally confirmed the aforementioned fears. Because of this, on Thursday, its shares fell by 9.5%, and the next day, another 3.5%. On Friday, IBM, Oracle and Apple also lost 5% each.
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via Internet News
The fall of the IT sector began on Wednesday. The reason is market concerns about the future of the IT industry. The market is afraid that the IT sector will suffer from the global crisis in the market of bank loans, which has already affected the financial, automotive and other markets. Indeed, it is logical to assume that because of the crisis, all companies will invest less in technology.
More than others suffered by Cisco, which personally confirmed the aforementioned fears. Because of this, on Thursday, its shares fell by 9.5%, and the next day, another 3.5%. On Friday, IBM, Oracle and Apple also lost 5% each.
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via Internet News
Source: https://habr.com/ru/post/16067/
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