The gains experienced by the S&P 500, more than 60 percent from its year-low as well as NASDAQ and the Dow Jones prompted reassurance that
Once the dollar began to stabilize; however, the market took a huge hit with investors turning toward treasuries and away from the risk taking they had been engaging in previous weaks.
Now, economists believe this rebound may have been a false start. Joblessness continues to plague the nation with 29 states experiencing further losses for October and only 13 celebrating gains.
Following such dire reports, many investors believe the recession is lingering longer than expected, at least in the technology sector.
Dell’s 54 percent slide for the quarter added insult to a difficult week for the technology sector, which had been an investor pick for a strong recovery and vehicle for encouraging corporate and consumer spending.
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