[DANNY WOOL, SV411]
The verdict is still out as to what caused the wild fluctuations of stock prices on Wall Street yesterday. Was it Greece or was it some dyslexic trader who couldn’t tell an M from a B? Regardless, the market went for a wild ride, taking Silicon Valley stocks with it.
The biggest loser was Apple, which lost more than 20 percent of its value before closing just 4 percent lower. HP took an 18 percent nosedive, before closing 5 percent lower. They weren’t the only companies that took hits.
At one point in the day, Cisco and Oracle lost 13 and 11 percent respectively, while Google and Intel both lost 10 percent, and eBay lost 9 percent. All of these companies did recover, though none finished higher than they were at the start of trading.