Tag Archives: technology

Wall Street: Wall Street ends August with a whimper on Fed worry – Blue Barrows

NEW YORK: US stocks ended the month with their fourth straight daily decline on Wednesday, cementing the weakest August performance in seven years as worries about aggressive interest rate hikes from the Federal Reserve persist. Adding to pressure were declines in the technology sector, and more specifically chipmakers, after soft forecasts from Seagate and HP […]

IT stocks: Recession fears can pull IT stocks lower – Blue Barrows

Mumbai: Indian IT stocks may remain out of investors’ favour in the near term as growing concerns over recession in the US and Europe could erode companies’ earnings growth. Analysts see a likelihood of further downgrades with companies’ profit margins expected to come under pressure over the next few quarters. The Nifty IT index declined […]