The Brightest Stars And Biggest Flops
Still need proof that the New Economy is already upon us? A look at this year's roster of stock market rulers and rejects and the evidence is indisputable: Technology is driving the market. Indeed, tech investors sampled both the best and worst the market had to offer. And while technological change has spurred growth in an assortment of industries from personal computers to oil, it has also hurt sectors such as broadcasting and cable that must invest heavily in costly new products. Below, we trace the rise and fall of the best and worst stocks--as of Dec. 17--that began the year with a share price of $5 or more.
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