Wednesday, January 18, 2006

Weak Tech Earnings set off record stock sellin wednesday. Also on investers minds were a weaking Japan market, and of course, high oil prices.



"Tokyo's stock markets closed early due to heavy trading volume, an unprecedented move, as the Nikkei 225 lost 2.94 percent for the session. The selloff moved to Europe, where the major indexes also dropped significantly.
Yet most of the U.S. market's losses could be blamed on tech-sector selling, with other stocks generally holding firm after the Labor Department reported better-than-expected retail inflation data."

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