[e-BizEnglish]Wall Street Pines for Tech Recovery

　Wall Street Pines for Tech Recovery

　월가 기술주 회복 기대

　

　Something funny is happening on Wall Street. Companies are slashing their capital spending budgets due to a dicey economic outlook, yet tech stocks have shown some light on hopes of a recovery in technology spending.

　The tech-laced Nasdaq Composite Index has lost ground since the new year’s rally peaked two weeks ago. But its drop has been less than that of the Dow Jones industrial average and runs counter to its usual wider swings than the Dow.

　There are several reasons this could be happening:

　* The Nasdaq - which was once over 5,000 - has been battered the worst in the past three years and the rest of the stock market might just be catching up