| Veteran market-watcher Ted Weisberg says pressure from that old reliable pharmaceutical sector was enough to unsettle the market. “Well, of course, the drugs, you know, have been ‘sacred cows’ for almost forever, as far as the stock market is concerned. So, I think that’s really a big story in terms of the volume there and the downward pressure.”Shares of The Gap dropped about 8%, one day after the leading US apparel chain said it was cutting jobs and scaling back on expansion plans as it tries to revive sagging sales and profits. |
| Veteran marketwatcher Ted Weisberg says pressure from that old reliable pharmaceutical sector was enough to unsettle the market. " Well, of course, the drugs, you know, have been ' sacred cows' for almost forever, as far as the stock market is concerned. So, I think that' s really a big story in terms of the volume there and the downward pressure." Shares of The Gap dropped about 8, one day after the leading US apparel chain said it was cutting jobs and scaling back on expansion plans as it tries to revive sagging sales and profits. |
| Veteran marketwatcher Ted Weisberg says pressure from that old reliable pharmaceutical sector was enough to unsettle the market. " Well, of course, the drugs, you know, have been ' sacred cows' for almost forever, as far as the stock market is concerned. So, I think that' s really a big story in terms of the volume there and the downward pressure." Shares of The Gap dropped about 8, one day after the leading US apparel chain said it was cutting jobs and scaling back on expansion plans as it tries to revive sagging sales and profits. |
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