Tech stocks caught in Wall Street panic
Major technology shares battered as serious doubts about economy grow
Thursday was a brutal day for the stock market, which is in a panic over the strong possibility of a double-dip recession and the even stronger possibility that politicians in Washington will remain unwilling or incapable of working together on behalf of the people who elected them.
The Dow Jones Industrial Average fell 513 points, or 4.3 percent, to 11384, the largest single-day percentage drop in 18 months. The Nasdaq dropped 137 points, or 5.1 percent, to 2556, while the S&P 500 tumbled 60 points, or 4.8 percent, to 1,200.
None of the major tech stocks escaped the bloodbath. Here are 12 of the largest publicly traded technology companies, along with their ticker performances on Thursday.
Microsoft (NASDAQ: MSFT): -3.64%
Apple (NASDAQ: AAPL): -3.87%
Google (NASDAQ: GOOG): -3.93%
IBM (NYSE: IBM): -4.11%
Oracle (NASDAQ: ORCL): -4.34%
AT&T (NYSE: T): -2.44%
Intel (NASDAQ: INTC): -4.4%
Verizon Communications (NYSE: VZ): -2.92%
Cisco Systems (NASDAQ: CSCO): -4.33%
Dell (NASDAQ: DELL): -5.63%
Amazon.com (NASDAQ: AMZN): -4.04%
HP (NASDAQ: HPQ): -5.11%
Read more of Chris Nerney's Tech Business Today blog and follow the latest IT news at ITworld. Follow Chris on Twitter at @ChrisNerney. For the latest IT news, analysis and how-tos, follow ITworld on Twitter and Facebook.