Wall Street Beat: Tech shares on wild ride

12.08.2011

The European debt crisis, a slowdown in U.S. economic growth as measured by gross domestic product, and high unemployment has stirred market volatility over the last few months. But through it all, most bellwether IT companies have recorded solid sales gains over last year. Nevertheless, the roller coaster ride on the markets this week shows that investor nervousness and fears of a spending slowdown will likely persist for some time.