Milan’s stock exchange closed at 1.62 percent, back from a hit at the 14-month low. A crash for the New Market dropped to 4.38 percent. Weaker but less disastrous are the closures of other European markets. And also on Wall Street, sales prevail.  Yet another day to forget for Piazza Affari. The Milan share price list returned to its 14-month lows, reaching levels at the beginning of January 2000, on values ​​very far from the historical highs touched just a year ago. The Mibtel closed down by 1.62 percent, the Mib30 by 1.75 percent, while the Numtel, the hi-tech stock index, fell to 4.38 percent. Banca Fideuram leaves more than 6 percent on the ground, dragging with it the parent company San Paolo, Mediolanum more than 4 percent. Telephone debacle. Olivetti at 2.23 euros lost 4.08 percent. Among the publishing titles only the Monrif hold the impact, the Classes heavy (-5.60 per cent), Mediaset and Mondadori instead leave on the ground respectively 1.93 per cent and 2.97 per cent. HDPs are down by 1.99 percent. At the New Market, Freedomland lost 9.71 percent, Airsoftware 8.1 percent and Gandalf 7.77 percent. Losses of more than 7 percent also for Finmatica and Digital Bros. The Tecnodiffusione Italia and the Inferentia fell by more than 6 percent.Those who hoped that March would return to clear on Wall Street after a February in which the Nasdaq lost 22.4 percent of its value falling dangerously close to the 2000 threshold, was once again disappointed. A series of downgrades operated on some of the main technological stocks by the merchant bank Merrill Lynch has counterbalanced the good news coming from some economic indicators that seem to give the first signs of recovery of the American economy. After more than two hours from the start of the trading day on the New York Stock Exchange, the Dow Jones index of the thirty major industrial stocks loses 1.03 percent. The NASDAQ, the electronic market where many securities in the technology sector are trading at 1.42 percent, is also down. In the Nasdaq to report the heavy decline of 3Com, the networking equipment giant, which lost 16.44 percent after suffering a downgrade by Merrill Lynch investment bank this morning and having launched a profit warning. In the Dow Jones, the negative trend of the computer segment is to be noted: IBM (minus 1 percent), Hewlett-Packard (minus 2.63 percent) and Gateway losing more than 7 percent after having suffered a rating reduction from the bank of investments Jp Morgan Chase. The financial sector is also down. On the other hand, pharmaceutical and tobacco stocks are up.