DOW JONES 12,302.70 -120.16
US SHARES ended lower last night as nervousness about further writedowns knocked down financial shares and weaker-than-expected revenue from Oracle fuelled concerns about tech sector spending.
Investors took the news from Oracle, seen as a bellwether for the software industry, as signalling the widening impact of the housing slump on corporate spending.
Oracle shares topped the list of major decliners in both the Nasdaq and the S&P with a slide of more than 6 per cent.
A drop in Google's shares after a brokerage cut its price target on the web search leader added to anxieties about tech stocks.
The Dow Jones industrial average fell 120.16 points, or 0.97 per cent, to end at 12,302.70. The Standard & Poor's 500 index was down 15.36 points, or 1.15 per cent, at 1,325.77 while the Nasdaq Composite index was down 43.53 points, or 1.87 per cent, at 2,280.83.
The full article contains 167 words and appears in The Scotsman newspaper.
-
Last Updated:
27 March 2008 11:38 PM
-
Source:
The Scotsman
-
Location:
Edinburgh
