Thanks, Oracle, for Harshing the Enterprise Tech Buzz

A disappointing quarter from Oracle seems to blast apart the idea that enterprise tech companies are holding steady. As usual, the markets overreacted.
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Tech Stocks Recover, But What Will Next Week Bring?

Look deeper, deeper, deeper into my crystal ball, to find out the fate of tech stocks.
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Tech Stocks — Even Those With Strong Results — Tank Hard With the Market Today

Could the bad stock market mean worse for tech stocks? Yes, indeedy.
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Dow Slides 5.5 Percent, Ending Below 11,000

U.S. stocks tumbled in a Monday rout that sent the Dow Jones Industrial Average down 5.5 percent, plunging below 11000 for the first time since November, as investors fled from risky assets in the first trading session since Standard & Poor’s downgraded the federal government’s credit rating late Friday.

Tech Stocks Get Whacked in Market Downturn — Yahoo and LinkedIn Twice as Hard

Usually lofty tech stocks don’t escape the wrath of Wall Street bears.
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Dow Tumbles 500 Points, Putting It in Red for Year

Stocks plunged, driving the Dow Jones Industrial Average to close down more than 500 points, as investors appeared to lose faith in the ability of the world’s policy makers to revive the global economy and stave off a rolling debt crisis in Europe.

News Byte

Using Twitter to Read Investors' Minds

Keywords and patterns in the torrents of data sent each day via Twitter might be the key to predicting the movement of the Dow Jones Industrial Average, according to researchers from Indiana University and the University of Manchester. They’ve developed an algorithm to determine the mood across the service, and are working on tying it to real-time data.

Weekend Update, 10/10/08

The best thing that can be said of the week ending Oct. 10, 2008, is this: It’s over. Marked by panic selling and wet-your-pants fear, it was one of the worst weeks in the financial world’s history–a week that cut the legs out from under Google, beat Yahoo until its market cap bled purple and caused the Dow Jones Industrial Average to swing more than one thousand points on an intra-day basis.

Nasdaq Manages an Up Day; Bottom-Fishing in Evidence

While it was another down day for the Dow Jones Industrial Average, the Nasdaq Composite actually broke a string of seven down days and posted a modest gain: The index rose 4.39, or 0.3 percent, to 1,649.51. The index nonetheless finished the horrific week with a loss of nearly 298 points, or 15.3 percent. At one point today the index touched as low as 1542.45, stretching the loss for the week to just over 400 points, or nearly 21 percent. Astonishing.

Nasdaq Plunges 199–or 9 Percent–Among Worst Days Ever

The Nadsaq Composite today plunged 199.61, or 9.14 percent, to 1983.73, as investors fled equities amid a growing sense of crisis in the financial sector. Stocks started off sharply lower this morning; the slide accelerated after the House rejected a proposed $700 billion buyout of the financial sector.

Black Monday