Reuters Business Week

Nov. 9 - The Dow saw a weekly decline of 4.1 percent and the Nasdaq suffered an even bigger 6.5 percent drop as credit jitters and disappointing profit outlooks weighed heavily. There were few bright spots as negative comments from Cisco and Qualcomm casted doubt on the health of tech spending, the dollar fell to new lows, oil rushed towards $100, and Federal Reserve Chairman Ben Bernanke testified the U.S. economy is in the midst of a rough patch. Speaker: Art Hogan, chief market strategist, Jefferies and Co. Conway G. Gittens reports.

YouTube | November 9, 2007

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