Stock Market Plunges, Taking Tech Stocks Down With It

[texshelters]

Source: CNBC

The freefall in stocks continued on Monday with the Dow Jones losing 5.53% and the NASDAQ dropping 6.9% on news of Standard & Poors downgrading its rating of U.S. government-issued debt.

Tech stocks were not spared in the selloff, with some names – including those that recently IPO’d – falling sharper than the broader indexes. Here’s how some of the publicly-traded companies that Mashable follows fared on Monday:

LinkedIn -17.38%
eBay -8.02%
Zillow -7.35%
Pandora -7.62%
Netflix -6.00%
Google -5.70%
Yahoo -5.54%
Apple -5.46%
Microsoft -4.67%
Amazon -4.44%

Read more: http://mashable.com/2011/08/08/stock-market-selloff/

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Good thing we pushed through that debt ceiling compromise to stabilize the markets.

Peace,
Tex Shelters

[stockholmer]

1. ah,to be a fly on a wall in chairsatan Bernanke's office 'to QE or not to QE that tis the question'

[xchrom]

2. Recommend

[Ian David]

3. As long as RedTube stays solvent, I don't care too much. n/t

[L0oniX]

4. That and Youporn.

[populistdriven]

5. So long as there aren't tanks rolling down my street, I don't worry too much. n/t