Tech stocks and broader markets edge downward
Tech stocks and the broader markets received a mild case of whiplash Wednesday, as rate cuts by the Federal Reserve and other central banks around the world prompted a brief run up before stocks gave way to yet another consecutive day of losses.
The CNET Tech Index, which includes the likes of Apple, Cisco, eBay, and others, closed down 15.10 points to end the day at 1,189.15, off 1.25 percent.
The broader markets also posted declines, with the Dow Jones Industrial Average giving up 189.01 points, or 2 percent, to end the day at 9,… Read more