Due to the global financial crisis leading to one of the worst recession in the US in mid-2007, the need to study the stock trend and its impact on the economy has become essential. In this paper, we perform a time series analysis of the NASDAQ stock trends of the Information Technology (IT) industry during the 2007-2009 recession and compare with the immediate pre-recession and post-recession periods. The IT industry has been the zenith in the growth of the US economy. To study these trends, we used Python, an open source programming language that is used for data intensive applications. It is seen that due to the housing bubble that occurred during the recession, the worst impact during this period was in mid of 2009.