posted 10-26-2000 07:03 PM         

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Wall Street bounced back during the last hour of trading today as investors poured into Microsoft, IBM, and Intel, betting that two months of heavy declines had gone too far. The Nasdaq composite index rose 42.61 points, or 1.3 percent, to 3,272.18 after coming close to its lowest close of the year at 3,074.68, hit on Oct. 12. The Dow Jones industrial average rose 53.64 to 10,380.12, while the S&P 500 declined 0.47 to 1,364.43. (source: CNNfn)
http://cnnfn.cnn.com/2000/10/26/markets/markets_newyork/

Dow Jones Industrials: 10380.12 53.64 0.52%
Nasdaq Composite: 3272.18 42.61 1.32%
S&P 500: 1364.43 -0.47 -0.03%
30-year Treasury Bond: 5.729% -0.023

posted 10-25-2000 06:31 PM         

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A revenue miss by Nortel Networks rocked the tech sector today, with optical networks and components stocks understandably taking the hardest hit. The Nasdaq spent most of the session deep in negative territory, and managed to fall even farther in the last hour and half of trading, finishing near session lows at 190 below breakeven. The Nortel news seemed to give credence to the market's worries that tech stocks are overvalued compared to their growth potential. The Dow finished down 66 points after a day of jumpy trading. Drug and financial issues helped the blue-chip index flirt with positive territory throughout much of the day, but proved to be no match for the market's downward momentum. (source: CNNfn) http://cnnfn.cnn.com/2000/10/25/markets/markets_newyork

Dow Jones Industrials: 10326.48 -66.59 -0.64%
Nasdaq Composite: 3229.57 -190.22 -5.56%
S&P 500: 1364.89 -33.24 -2.38%
30-year Treasury Bond: 5.752% +0.046

posted 10-24-2000 06:42 PM         

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The major indices took off out of the gate, but only the Dow held its ground as the Nasdaq stumbled into the close. The Nasdaq closed down for the second day in a row. The tech-heavy index lost 49 points, about 1.4%, on the day amid concerns about the chip sector in the wake of National Semiconductor's earnings warning. There are also worries that Hewlett-Packard may miss it's marks for the quarter. The Dow was powered by an improved earnings outlook. Several oil companies posted excellent earnings this morning to get the ball rolling. The Dow ended the day up 121, a little more than 1%. (source: CNNfn) http://cnnfn.cnn.com/2000/10/24/markets/markets_newyork

Dow Jones Industrials: 10393.07 +121.35 +1.18%
Nasdaq Composite: 3419.79 -48.90 -1.41%
S&P 500: 1398.12 +2.34 +0.17%
30-year Treasury Bond: 5.706% +0.027

posted 10-23-2000 06:32 PM         

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The Dow is on a 3-day winning streak, posting a 3% gain over that period after 6 straight weeks of losses. Positive earnings reports from 3M and SBC helped push the blue-chip index higher, as did news of a GE/Honeywell merger (see stories below). The Dow posted triple digit gains at one point in morning trading, but closed well off its session highs at 45 up. The Nasdaq spent most of the day in the red, finishing down 14 points. Big-cap techs saw selling pressure, as investors were still not convinced the stocks were artificially high. (source: CNNfn) http://cnnfn.cnn.com/2000/10/23/markets/markets_newyork

Dow Jones Industrials: 10271.72 +45.13 +0.44%
Nasdaq Composite: 3468.69 -14.45 -0.41%
S&P 500: 1395.77 -1.16 +0.08%
30-year Treasury Bond: 5.679% -0.046

posted 10-23-2000 10:05 AM         

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The stock market is poised for its worst year in two decades. However, it is more like the 90s were too good than 2000 was very bad. (source: CNNfn) http://cnnfn.cnn.com/2000/10/18/markets/market_tumble/

After a Fed-sponsored three-day conference on the future of the stock market (i.e., the trading floor vs. the computer), participants came to one conclusion – they have no idea what lies ahead. (source: Yahoo) http://dailynews.yahoo.com/h/nm/20001017/wr/fed_efinance_dc_1.html

Jim Jubak takes a look at the stages of the perennial year-end rally, and tells us which stocks are worth watching. (source: MSN MoneyCentral) http://moneycentral.msn.com/articles/invest/jubak/5896.asp

posted 10-20-2000 06:31 PM         

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Both the Nasdaq and the Dow ended up in positive territory at the end of the week, as investors were encouraged that some of the beaten-down technology stocks were now indeed bargains. The Nasdaq jumped 64.54 for the day, or nearly 2 percent, to 3,483.14 -- one day after a nearly 8 percent advance. The Dow gained 83.61 to 10,226.59, while the S&P 500 advanced 8.16 to 1,396.92. (source: CNNfn) http://cnnfn.cnn.com/2000/10/20/markets/markets_newyork

Dow Jones Industrials: 10226.59 +83.61 +0.82%
Nasdaq Composite: 3483.14 +64.54 +1.89%
S&P 500: 1396.92 +8.16 +0.59%
30-year Treasury Bond: 5.725% -0.027

posted 10-19-2000 06:03 PM         

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The tech sector finally sustained a decent rally today, as the Nasdaq shot up nearly 200 points out of the gate, and climbed slightly throughout the day to finish 7.8% up, or 247 points. Positive earnings reports from Microsoft, Nokia, and others spurred the rally, which gained momentum as bargain-hunters in semi, net, and computer stocks. The Dow closed up 1.7%, or 168 points, with help from Microsoft, Hewlett-Packard, and IBM. (source: MSNBC) http://msnbc.com/news/158521.asp

Dow Jones Industrials: 10142.98 +167.96 +1.68%
Nasdaq Composite: 3418.60 +247.04 +7.79%
S&P 500: 1388.75 +46.62 +3.47%
30-year Treasury Bond: 5.752% -0.017

posted 10-18-2000 06:16 PM         

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In the closing numbers, it looks like a typical day of late on Wall Street. The Dow ended the day off 115 points, a significant but not unusual loss. The Nasdaq dropped 42 points. But the story of the day is far more interesting. The Dow opened practically unchanged and then fell through the floor, dropping 435 points in minutes and plunging well below the 10,000-point line. The Nasdaq shot down with it, dropping nearly 200 points in the early going. But, there was a rapid recovery from there and by 11 a.m. the Nasdaq was in positive territory and the Dow was approaching the 10,000-point level and eventually moving above it during the afternoon. In the end, the Dow closed below 10,000 points at 9976 and the Nasdaq lost more than 1%, but it could have been much worse. IBM was a major drag, dropping 16% on the day (source: MSNBC) http://msnbc.com/news/158521.asp

Dow Jones Industrials: 9975.02 -114.69 -1.14%
Nasdaq Composite: 3171.56 -42.40 -1.32%
S&P 500: 1342.12 -7.85 -0.58%
30-year Treasury Bond: 5.769% +0.008

posted 10-17-2000 07:24 PM         

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The market finished markedly lower today, as earnings worries continue to darken investors' outlook. In the tech sector, internet and chip-related stocks led the way down, and the Nasdaq shed 76 points on the day. The tech index spent most of the day on the decline, but rallied about 40 points into the close. Financials hurt the Dow, which finished down 149 points after hitting session lows of 211 down around 2 pm. The oil and drug arenas were the only two winners on the day. (source: CNNfn) http://cnnfn.cnn.com/2000/10/17/markets/markets_newyork

Dow Jones Industrials: 10089.71 -149.09 -1.46%
Nasdaq Composite: 3213.96 -76.32 -2.32%
S&P 500: 1349.97 -24.65 -1.79%
30-year Treasury Bond: 5.761% -0.052

posted 10-16-2000 06:26 PM         

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It was a fairly uneventful day on Wall Street, but the underlying message was that last Friday's amazing run-up was not a launching pad for a rapid recovery. Investors were cautious and were still concerned about earnings. Microsoft and Intel were the big drags on the markets, with Intel being downgraded again before announcing earnings this week. The Nasdaq closed off 26 points as Intel led the chip sector lower. The Dow was able to close higher by 47 points, even as big-cap tech applied negative pressure. (source: MSNBC) http://www.msnbc.com/news/158521.asp

Dow Jones Industrials: 10238.80 +46.62 +0.46%
Nasdaq Composite: 3290.28 -26.49 -0.80%
S&P 500: 1374.62 +0.03 +0.03%
30-year Treasury Bond: 8.813% +0.014

posted 10-13-2000 05:57 PM         

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After days on end of negative finishes, the market was finally able to sustain a rally today, as the Dow and the Nasdaq both posted triple-digit gains. Bargain-hunting was the theme of the day, particularly in the tech sector, as investors were able to momentarily forget worries over earnings and violence in the Middle East. The Nasdaq quickly bounced into the green after opening in negative territory, and kept climbing all day long. Nearly the entire tech sector saw buying interest, with Internet stocks pretty much the lone losers. The rally pushed the Nasdaq to finish up 242 points, nearly an 8% gain. The Dow also benefited from the tech sector's strength, and got extra support from retail issues. The blue-chip index also started in negative territory but, like the Nasdaq, quickly started the journey into positive territory, finishing up 158 points. (source: CNNfn)
http:// cnnfn.cnn.com/2000/10/13/markets/markets_newyork

Dow Jones Industrials: 10192.18 +157.60 +1.57%
Nasdaq Composite: 3316.53 +241.85 +7.87%
S&P 500: 1374.12 +44.34 +3.33%
30-year Treasury Bond: 5.799% -0.010

All times are EST (US)