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Markets

Priceline brings Nasdaq closer to worrisome depths

Opening sequence

Opening sequence

Markets

Priceline brings Nasdaq closer to worrisome depths

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COMING UP:Priceline brings Nasdaq closer to worrisome depths

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Transcript

00:00:00
another hardline kickstart his being grounded Chrysler and the name your price travel website slumping more than ten percent Wednesday after warning of slower growth in the current quarter I'm congregations in the occupant of the nasdaq Priceline is the latest high tech name to flash a warning signal to investors who are looking for really heavy growth from the specter of the past knows where the Lana disappointing outlooks we had apple Microsoft Netflix and Google and now Chrysler all of those helping to keep the nasdaq in negative territory for the year the nasdaq is almost down ten percent from its all time high level known on Wall Street , that in turn forcing Priceline soccer promoters to prevent that from happening and that will hurt profits even as the website headlines of the busy summer travel season how do I get a hotel deals nobody else gets one more headwind for the company to grapple with as it looks for new you know after acquiring the top executive last week one inappropriate sexual relationship with an employee