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Market Update : 
Techs, Metals Drag U.S. Stocks Lower
Author: 123jump.com Staff
123jump.com
Last Update: 2:14 PM EST January 23 2008

U.S. stocks fell for the second day after the Fed lowered the rates by 0.75% in a surprise move. Dow, S&P 500, and Nasdaq fell between 2% and 3% in the morning hours and continues to trend lower. Apple and Motorola fell more than 15% after reporting earnings. Apple guided lower earnings in the current quarter and Motorola continues to suffer in the competitive market.

 

 

 
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