posted 02-20-2001 06:14 PM         

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So much for the President's Day bounce. The markets came back from a long weekend with a continuation of the negativity that closed last week. The Nasdaq bloodletting continues to be the lead story, with the tech-heavy index dropping 4.4%, or 107 points. The optical sector is suffering mightily, with Nortel's depressing guidance dragging down peripheral stocks. The Dow looked a little stronger in the early going, extending its opening gains, but eventually, negativity took over for the blue chips as well. Retail stocks did well, but financials and big-cap tech dragged the Dow down 69 points. (source: CNNfn) http://cnnfn.cnn.com/2001/02/20/markets/markets_newyork/

Dow Jones Industrials: 10730.88 -68.94 -0.64%
Nasdaq Composite: 2318.35 -107.03 -4.41%
S&P 500: 1278.80 -22.73 -1.75%
30-year Treasury Bond: 5.045% 0.000

posted 02-15-2001 05:53 PM         

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Finally, some good news on the technology earnings front sparked a rally on Wall Street today. Optical company Ciena posted stronger-than-expected earnings before the open today and led to a strong rally in the Nasdaq. At one point, the Nasdaq hovered near triple-digit gains, but sellers took hold in the final hour and significantly cut into the gains. When the day was done, the Nasdaq was up 62 points, about 2.5%. The Dow also got a boost from the news, and it was better able to hold its gains. The blue-chip index closed up 96 points, just under 1%. (source: MSNBC) http://msnbc.com/news/158521.asp

Dow Jones Industrials: 10891.02 +95.61 +0.89%
Nasdaq Composite: 2552.91 +61.51 +2.47%
S&P 500: 1326.47 +10.55 +0.80%
30-year Treasury Bond: 5.178% +0.073

posted 02-14-2001 05:18 PM         

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A late rally in tech helped the Nasdaq post a 2.6% gain today (64 points), with the chip sector seeing the greatest buying interest. The tech-heavy Nasdaq spent all morning well into the red, but climbed to breakeven around noon under the leadership of chip issues. At around 2pm, buyers emerged in the rest of tech, with particular interest in net, networking, hardware, and software stocks. The Dow was not as fortunate; the blue-chip index spent the entire day in negative territory, and fell 108 points, or 1%, on the day. Big-cap techs were the sole winners among the Dow components. (source: The Street) http://www.thestreet.com/markets/marketupdate/1306484.html

Dow Jones Industrials: 10795.41 -107.91 -0.99%
Nasdaq Composite: 2491.40 +63.68 +2.62%
S&P 500: 1315.78 -3.02 -0.23%
30-year Treasury Bond: 5.105% +0.037

posted 02-13-2001 06:51 PM         

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This morning's gains disappeared and the markets began a steady decline after Alan Greenspan completed his address to the Senate Banking Committee on the state of the economy. Ironically, Greenspan may have been too optimistic for investors, reducing hopes for a large rate cut in the near future. The Fed chairman stated the chances for recession as slim, and implied that once inventory surpluses are dealt with, economic growth may return. The Nasdaq fell 62 points on the day and the Dow finished 44 points in the red. (source: MSNBC) http://www.msnbc.com/news/158521.asp

Dow Jones Industrials: 10903.32 -43.45 -0.40%
Nasdaq Composite: 2427.73 -61.93 -2.49%
S&P 500: 1318.66 -11.65 -0.88%
30-year Treasury Bond: 5.068% +0.020

posted 02-12-2001 06:00 PM         

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The Dow stole the show today, opening near unchanged and rising steadily throughout the session. Investors moved into the blue chips in advance of Alan Greenspan's testimony on the state of the economy tomorrow (see below). The Dow ended the session up 165 points, about 1.5%. The Nasdaq had a rougher time of it. The tech-heavy index vacillated above and below par for most of the day before finally settling in the black for the first time in four days. The biotech sector surged behind the separate announcements of Celera Genomics and the Human Genome Project that they had mapped the human genome. The Nasdaq closed up 19 points, about 0.75%. (source: Washington Post) http://washingtonpost.com/wp-dyn/articles/A33759-2000Jun21.html

Dow Jones Industrials: 10946.77 +165.32 +1.53%
Nasdaq Composite: 2489.66 +18.69 +0.76%
S&P 500: 1330.17 +15.41 +1.17%
30-year Treasury Bond: 5.048% +0.032

posted 02-08-2001 06:38 PM         

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It was another down day on Wall Street as this morning's optimism gave way to another bout of selling as the day wore on. Several retail companies announced same store sales that concerned investors and hurt the Dow. The blue chip index lost 67 points .6%. However, the technology arena saw greater selling pressure. Concerns about growth abound and investors are still trying to determine what they can expect from the Federal Reserve down the road. The Nasdaq lost 46 points on the day, 1.75%. (source: CNNfn) http://cnnfn.cnn.com/2001/02/08/markets/markets_newyork/

Dow Jones Industrials: 10880.55 -66.17 -0.60%
Nasdaq Composite: 2562.06 -45.76 -1.75%
S&P 500: 1332.39 -8.50 -0.63%
30-year Treasury Bond: 5.099% -0.080

posted 02-08-2001 10:22 AM         

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Technology stocks paid the price for Cisco's earnings miss Wednesday, and the Nasdaq experienced downward pressure for the majority of the session. Cisco's fellow networking issues were hit especially hard. A late rally brought the Nasdaq off of the day's triple-digit lows as buying in software provided some upward momentum. At the close, the Nasdaq was down 57 points. Blue chips fared better than tech stocks, but fell prey to the general weakness inspired by Cisco and pulled the Dow 11 points into the red. (source: MSNBC) http://www.msnbc.com/news/158521.asp

Dow Jones Industrials: 10946.72 -10.70 -0.10%
Nasdaq Composite: 2607.82 -56.67 -2.13%
S&P 500: 1340.76 -11.50 -0.85%
30-year Treasury Bond: 5.179% -0.016

All times are EST (US)