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02/28/2001 09:25 AM ID: 3956 Permalink   

Nasdaq Plummets Again


The Nasdaq high tech stock exchange yesterday lost around 4.36% of its value as many major companies took a battering.

Cisco, Oracle, Gateway, IBM and Compaq all lost value after a new survey showed US consumer confidence at its lowest level since 1996.

There are now real fears of an economic slowdown after new home buying slowed drastically and consumer spending which drives the economy also fell.

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