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  • January Ends on Low Note Dragged Down by Techs - 1 February 2010

    • Ending a six-month winning streak, the Dow Jones industrial average closed nearly 4 percent down at the end of January, being its largest monthly point loss since February 2009. Despite data revealing that the economy had experienced encouraging growth in late 2009, jittery investors were concerned about the slow pace of recovery and indicated a loss of confidence in the technology sector with a sell-off of primarily Apple and Microsoft shares. Certainly January was a disappointment to many stock market players who were hopeful that 2010 would be somewhat rosier than the past 18 months or so.


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