The US stock market took a severe loss last week as the Nasdaq and the Dow each suffered their largest point drops ever - and the repercussions are being felt here in New Zealand this week. The Nasdaq fell 355.72, a whopping 9.67%, to 3321.06. The Dow dropped 616.23 points, or 5.64%, to 10307.32. Last Friday's nosedive capped four previous days of losses for the Nasdaq, bringing it to its lowest level in months. The index is down 32% from its all-time high, a setback far larger than the 20% figure used to define a bear market.
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Dear Adviser,
Dear What Am I Worth,
Dear What Am I Worth,
Dear What Am I Worth,
Dear What Am I Worth,
US District Court Judge Thomas Penfield Jackson has ruled Microsoft violated the Sherman Antitrust Act and that the company attempted to "monopolise the Web browser market" by tying its browser to its operating system. In his decision, the judge wrote that "Microsoft paid vast sums of money and renounced many millions more in lost revenue every year in order to induce firms to take actions that would help enhance Internet Explorer's share of browser usage at Netscape's expense."
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Dear What Am I Worth
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Dear Adviser
Dear What Am I Worth,
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Dear What Am I Worth,