NEW YORK. (TheStreet) — Tech stocks felt the shockwaves from an uncertain economy this week as lack of U.S. growth and European unease pushed the Nasdaq down 5% on Thursday.
Virtualization specialistVMware(VMW) was one of the biggest losers, plunging 7.1% , while Apple(AAPL) and Google(GOOG) were down 3.3% and 3.4%, respectively. Telecom gear maker Ericsson(ERIC) also felt the burn, tumbling 5.9%.
Recession fears lingered on Friday, driving the Nasdaq Composite down another 0.94%.
Network equipment maker Brocade(BRCD) helped push the index down. The company’s stock dropped more than 28% to close at $3.52 after Brocade lowered its fiscal third-quarter outlook on weaker demand for its Internet infrastructure products.