Word: nasdaq
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Talk about a wild ride. Kristian Dicke and Richard Geibel, two Germans in their 30s who had been university roommates, launched their business-to-business exchange March 11, 2000. That was the day after the nasdaq peak, the beginning of the yearlong global tech-stock slide. Matchbid - which has since transformed itself into a software firm - has survived...
...those companies listed on the stock markets, financial institutions got in on the act, driving valuations and share prices through the roof. On March 10, 2000, Germany's Neuer Markt, France's Nouveau Marché, Italy's Nuovo Mercato and the granddaddy of the high-tech bourses, America's nasdaq, all reached new peaks. Then the tide turned, taking with it many investors, market analysts and the brash young things with their big dreams. In the past year, the combined value of all nasdaq stocks has fallen by more than $3 trillion. On this side of the Atlantic, the combined...
...after the appointment was officially announced at Loeb House, the NASDAQ plunged 6 percent, and Wall Street had its first bear market of the millennium. The faltering economy is a problem for President George W. Bush, who was noted during the presidential debates for his insistence that critics of his tax plan were using "fuzzy math." If government revenues dry up, Bush may have to backtrack on his huge tax cut proposal...
...prosperity of the Eisenhower years. It all but died in the raucous immediacies of the '60s. But the chill comes back from time to time, as now, in the ominous buck and plunge of the markets, amid the sound of axes at work in the orchards of the NASDAQ...
...prospect of a Japanese coronary turning widespread gloom into naked fear, Wall Street tumbled Monday and Wednesday with the barest of bounces in between, and revisited some milestones of its own. The Dow, shedding more than 800 points, dipped below 10,000 for the first time since fall. The NASDAQ slumped under 2000 and officially erased two years of tech run-up. The S&P finally notched its 20 percent and joined the bear club...