Hope and change: Dow hits six-year low

“The market is trying to digest the severity of the economic slowdown and its effects on tech stocks and capital spending going forward,” said Giri Cherukuri, who helps manage $1.1 billion at Oakbrook Investments in Lisle, Illinois. “People are thinking it’s maybe going to be more severe than expected. That’s going to affect spending for the rest of 2009.”

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