posted 08-02-2000 06:09 PM         

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A rather disheartening day for technology investors as a fizzled rally lends credence to the belief that there is little upside hope in the near future for the Nasdaq. After new home sales came in well below expectations, the markets made a move to the positive, with both the Dow and the Nasdaq posting solid gains in the late morning. However, as the Dow held on to most of its strength, picking up 81 points on the day, the Nasdaq gave back all of its gains and then some. The tech index closed down 27. (source: CNNfn) http://cnnfn.cnn.com/2000/08/02/markets/markets_newyork/

Dow Jones Industrials: 10687.53 +80.58 +0.76%
Nasdaq Composite: 3658.46 -27.06 -0.73%
S&P 500: 1438.70 +0.60 +0.04%
30-year Treasury Bond: 5.764% +0.028

posted 08-01-2000 06:40 PM         

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The Nasdaq today showed that yesterday's bounce was probably just a reaction to the sell-off and not the start of a real rebound. The tech index gave back most of its gains from yesterday, losing 81 more than 2% during a spate of selling in the final hours. The rotation out of the tech sector buoyed the Dow, however, lifting that index by 85. The broader S&P 500 index was mildly positive. (source: Washington Post) http://washingtonpost.com/wp-dyn/articles/A33759-2000Jun21.html

Dow Jones Industrials: 10606.95 +84.97 +0.81%
Nasdaq Composite: 3685.52 -81.47 -2.16%
S&P 500: 1438.09 +7.26 +0.51%
30-year Treasury Bond: 5.736% -0.044

posted 07-31-2000 06:40 PM         

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The tech sector broke out of its slump with a bang today. Things looked shaky out of the block, with the Nasdaq dropping 1% in the early going, but then things turned around and the index closed up 104 points, about 2.8%. The Dow was in up with the Nasdaq for most of the day, but the final hour of trading brought the index well off of its highs. The Dow closed up only 11. (source: CNNfn) http://cnnfn.cnn.com/2000/07/31/markets/markets_newyork/

Dow Jones Industrials: 10521.98 +10.81 +0.10%
Nasdaq Composite: 3766.99 +103.99 +2.84%
S&P 500: 1430.83 +10.94 +0.77%
30-year Treasury Bond: 5.780% +0.004

posted 07-28-2000 05:13 PM         

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TGIF. There was little else to be happy about for traders. It was a miserable week that ended in miserable fashion as the specter of Mr. Greenspan reemerged. The second quarter GDP growth rate was surprisingly high, setting the stage for another rate hike and today's market selloff. Once again, the tech sector faced the most selling as the Nasdaq dropped 179, more than 4.5%, and ended the week down more than 10.5%. The Dow lost only 75 while the S&P dropped 2%. (source: CNNfn) http://cnnfn.cnn.com/2000/07/28/markets/markets_newyork/

Dow Jones Industrials: 10511.17 -74.96 -0.71%
Nasdaq Composite: 3663.00 -179.23 -4.66%
S&P 500: 1419.89 -29.73 -2.05%
30-year Treasury Bond: 5.776% +0.008

posted 07-27-2000 06:19 PM         

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It was a brutal day for the tech sector. Internet bellwether Amazon.com was downgraded across the Street after its earnings announcement after the bell last night, and Nokia warned about the future in the mobile phone sector. At the end of the day, the Nasdaq had dropped 145 points, more than 3.5%. The Dow, on the other hand, benefited from the weakness in the tech sector, and managed to gain 70 points. (source: Washington Post) http://washingtonpost.com/wp-dyn/articles/A33759-2000Jun21.html

Dow Jones Industrials: 10586.13 +69.65 +0.66%
Nasdaq Composite: 3842.23 -145.49 -3.65%
S&P 500: 1449.62 -2.80 -0.19%
30-year Treasury Bond: 5.768% -0.042

posted 07-24-2000 06:15 PM         

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There was red across the board, but the tech sector was most bloodied. The Nasdaq took a triple digit loss, 113 points to be exact, and ignominiously slipped below the 4000 point barrier once again. A relatively strong earnings day and rumors of a high powered merger were not enough to buoy the Comp. The Dow took a minor hit, down 49 on the day. (source: Washington Post) http://washingtonpost.com/wp-dyn/articles/A33759-2000Jun21.html http://www.investorguide.com/cgi-bin/daily.cgi?01468

Dow Jones Industrials: 10685.12 -48.44 -0.45%
Nasdaq Composite: 3981.57 -112.88 -2.76%
S&P 500: 1464.29 -15.90 -1.07%
30-year Treasury Bond: 5.802% +0.007

posted 07-21-2000 05:50 PM         

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Up one day, down the next. That has seemingly been the pattern during the week and today was no exception. The Nasdaq gave back almost 7% of yesterday's gain, dropping 90 points and slipping below the 4100 mark. The Dow lost almost three-quarters of yesterday's surge by dropping 110. Profit warnings from Agilent and Ericsson were the major pressures on the markets. (source: CNNfn) http://cnnfn.cnn.com/2000/07/21/markets/markets_newyork/

Dow Jones Industrials: 10733.56 -110.31 -1.02%
Nasdaq Composite: 4094.45 -90.11 -2.15%
S&P 500: 1480.19 -15.38 -1.03%
30-year Treasury Bond: 5.795% -0.019

All times are EST (US)