X
Business

Investor PM: Gateway, Altera lead tech demise

Profit warnings from the likes of Gateway Inc. (gtw) and Alterapushed technology stocks even lower Thursday as theNasdaq composite shed 109 points to a 52-week low of2,598.
Written by ZDNET Editors, Contributor

Profit warnings from the likes of Gateway Inc. (gtw) and Altera pushed technology stocks even lower Thursday as the Nasdaq composite shed 109 points to a 52-week low of 2,598.02 in extremely heavy trading. More than 2.6 billion shares changed hands on the Nasdaq Thursday, the second-heaviest trading day in Wall Street history.

The Dow Jones industrial average plunged 215 points to finish at 10,414.49. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor

Editorial standards