Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, November 08, 2007

Tech slumps

Stocks finished lower Thursday but a late rally helped stop the bleeding. Federal Reserve Chairman Ben Bernanke said that while the most recent data suggest a "resilient" economy, growth should slow "noticeably" this quarter and into 2008 as the housing slump intensifies. The tech sector took the largest hit, falling almost 2%, mainly fueled by Bernanke's words. On a better note First Solar Inc. went up over $57, and increase of 34.29%, and crude-oil futures barely budged which has been a rarity here of late. DJIA -33.73 Nasdaq -52.76 S&P 500 -0.85