The News Tribune - Hints of bad news from Intel, other indicators send stocks plummeting (print)

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Hints of bad news from Intel, other indicators send stocks plummeting

THE NEWS TRIBUNE
Last updated: January 7th, 2009 11:50 PM (PST)

A warning from tech giant Intel about poor business conditions and more evidence of rising unemployment left stocks Wednesday with their biggest losses in a month.

The news upended some investors’ hopes for a speedy economic recovery this year and sent the major stock indexes down more than 2.5 percent, including the Dow Jones industrials, which lost 245 points.

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Originally published: January 7th, 2009 11:50 PM (PST)