Boston-Area Companies’ Stocks Take Hit
BOSTON (CBS) – Several local companies’ stocks have taken a big hit in the last month.
The Dow Jones Industrial Average fell below 12,000 Friday. It was the sixth straight week of declines. The Dow has lost 808 points and dropped about 6-percent in the last month
Many local stocks are caught in downturn.
Lisa van der Pool of the Boston Business Journal reports.
Talbots was down 45-percent in the last four weeks.
Progress Software dropped 20-percent.
Akamai Technologies is down 16-percent
BJ’s Wholesale Club dropped 8-percent
Investors are afraid the economy’s recovery is slowing way down, especially with weak housing and unemployment numbers.