1. Among Nasdaq stocks, the technology sector got hit hard and, within it, the biotechnology sector got clobbered. 2. Both took a beating last year from rising interest rates, which hit those sectors hard. 3. In the weeks since the attacks, the recession here has only deepened, as consumer spending has weakened and the manufacturing sector has been hit by another blow. 4. Once the sector got hit, it stayed depressed for quite some time. 5. The financial service sector could be hit by a stock market crash. 6. The manufacturing sector has been hit hardest, as consumers have grown far more reticent about making large purchases like appliances. 7. The retail sector was hit by an economy that was slowed by interest rate increases, the dot-com shakeout, layoffs, profit warnings and rising energy prices. 8. The sector has been hit particularly hard by the U.S. economic slowdown as telecommunications firms and Internet service providers rein in plans to build vast new data networks. 9. But the manufacturing and construction sectors were hit hard by flagging labor demand. 10. But the survey found that those people are still jobless because the agricultural sector has been hit hard by drought. |