Topic: Tim Ghriskey
Spending cuts set to pummel most government programs starting today so far haven't had much effect on investors. The $85 billion in across-the-board 'sequestration' cuts were expected to cause airport delays, disrupt public services and result in lower pay or layoffs for millions of government workers.
Tech stocks received a boost with Intel and VMware leading the charge along with IBM. Apple, Cisco Systems, and Hewlett-Packard have yet to report, but Apple's iPad has been accused of hurting personal computer sales.
04/20/2011 01:47 am