Group items tagged

Analyst predictions that corporate tech spending will fall and the impact of European debt contagion led technology stocks lower for the day. PC makers and companies that rely on their business were especially affected.

Morgan Stanley's pessimistic note on the state of the global economy and the likelihood of a double dip sent shares of stocks across the financial sector into a hole today. The debt in Europe and weak U.S. home sales have been inescapable negative drivers for the sector.

The energy sector was broadly higher following a BP report that divided the blame over several major oil companies. The price of oil meanwhile, fell beneath $90 per gallon again today after reaching Tuesday highs in recent trading.

Economic indicators suggest economy is weakening. Big crunch at open setting stage for test of last week's lows and a buying opportunity in a month, six weeks.