Fear returns to stocks, Yahoo down 8%

Ian Lamont — Thu, 09 Oct 2008 13:36:40 -0700

It was another grim day on Wall Street on Thursday, as credit fears and worries over a recession led to a late-afternoon selloff. The Dow lost more than 7% and the technology sector fell 4%. A few Internet giants were especially hard hit, including Yahoo (YHOO), which fell to $12.65, an 8% drop. Online technology publisher TechTarget (TTGT) was one of the biggest losers on a percentage basis, dropping more than 20% to $3.68.

There were a handful of gainers in the technology sector, including Research in Motion (RIMM) which just yesterday announced its new BlackBerry Storm handset.

The Industry Standard - Fear returns to stocks, Yahoo down 8% - Comments

Fear returns to stocks, Yahoo down 8%