posted 02-05-2001 06:35 PM         

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Investors abandoned tech issues today, amid continued concerns over the slowing economy's effect on corporate profits. Still, the tech-heavy Nasdaq was little-changed, as a late-session rally pulled the index well off its session lows, shrinking its loss to a mere 17 points at the close. The rotation out of tech helped the Dow post a sizable gain of 103 points, as investors sought refuge in defensive old-economy and cyclical issues. (source: MSNBC). http://www.msnbc.com/news/158521.asp

Dow Jones Industrials: 10965.85 +101.75 +0.94%
Nasdaq Composite: 2643.21 -17.29 -0.65%
S&P 500: 1354.17 +4.70 +0.35%
30-year Treasury Bond: 5.504% +0.056

posted 02-02-2001 05:58 PM         

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The Nasdaq fell 122 points today, and the Dow dropped 119, as negative economic and earnings news inspired a wave of pessimism and profit-taking. Investors were disappointed with January unemployment figures that, while indicative of a slowing economy, are mostly likely not poor enough to force the Fed into another emergency rate cut. Earnings warnings increased selling pressure in the tech sector, which then spread to the overall market. Chips and net stocks lead the way down for the Nasdaq, while big-cap techs pulled the Dow lower. (source: CNNfn) http://cnnfn.cnn.com/2001/02/02/markets/markets_newyork/

Dow Jones Industrials: 10864.10 -119.53 -1.09%
Nasdaq Composite: 2660.50 -122.29 -4.39%
S&P 500: 1349.34 -24.13 -1.76%
30-year Treasury Bond: 5.448% -0.088

posted 02-01-2001 07:01 PM         

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Blue chips led the way to gains in the Dow on Thursday. The Nasdaq also eked out a modest gain after spending the afternoon in the red, but finished below morning highs. Choppy trading has been the rule since Wednesday's rate cut announcement by the Fed. The tech sector weakened as the day progressed with internet shares returning morning gains in the afternoon. Biotech experienced downward pressure throughout the day. The Dow ended the day up 96 point, and the Nasdaq gained 10 points. (source: MSNBC) http://www.msnbc.com/news/158521.asp
http://www.investorguide.com/cgi-bin/daily.cgi?03241

Dow Jones Industrials: 10983.63 +96.27 +0.88%
Nasdaq Composite: 2782.80 +10.07 +0.36%
S&P 500: 1373.33 +7.32 +0.54%
30-year Treasury Bond: 5.536% -0.047

posted 01-31-2001 06:05 PM         

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Sell on the news. That's what investors did following the Fed's widely expected 50 basis point rate cut this afternoon. The major indices traded higher for most of the day until the announcement, at which point trading became very choppy, with the indices dipping initially, then rising together before finally heading in separate directions. The tech sector, which has had a nice run all month, ran out of steam as the day's trading came to a close. The Nasdaq ended the day 65 points in the red, more than 2%. Biotech and internet stocks led the way down. The Dow, on the other hand, managed to post a gain on the day, finishing up 6 points. (source: MSNBC) http://msnbc.com/news/158521.asp

Dow Jones Industrials: 10887.36 +6.16 +0.06%
Nasdaq Composite: 2772.73 -65.62 -2.31%
S&P 500: 1365.87 -7.86 -0.57%
30-year Treasury Bond: 5.687% +0.051

posted 01-26-2001 06:00 PM         

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Before the bell, it looked like it was going to be a bloodbath for the tech sector. PMC-Sierra had lost 30% of its value after a terrible outlook for next quarter(for more on PMC-Sierra, see the analysis section below), Nasdaq futures were deep in the red. And then Nasdaq opened down nearly 2%--the rout was on. However, the renewed bullish sentiment on Wall Street overpowered any concerns about earnings as investors bought this dip and eventually drove the Nasdaq back into positive territory. The index ended the day up 27 points, almost 1%. The Dow, on the other hand, found positive ground early in the day, but finished the session in the red, off 70 points. All investors seem to be holding their breath for next week's Fed meeting. The big question is whether we will see a 25 bp cut or another 50bp cut. The bullishness shown today seems to reflect the expectation of another 50bp. (source: CNNfn) http://cnnfn.cnn.com/2001/01/26/markets/markets_newyork

Dow Jones Industrials: 10659.98 -69.54 -0.65%
Nasdaq Composite: 2780.30 +27.02 +0.98%
S&P 500: 1354.95 -2.56 -0.19%
30-year Treasury Bond: 5.636% +0.013

posted 01-23-2001 07:03 PM         

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It was an encouraging day on Wall Street. The major indices looked weak in the early going, as mixed earnings news was met somewhat cautiously. But, around 10 a.m., the mood changed and the indices took off from there. Some analysts are speculating that the current positive bias is based on the expectation of another 50 basis point rate cut from the Fed at the end of the month — an outcome that is certainly in doubt, though Greenspan's testimony tomorrow may shed some light. The Nasdaq had the strongest day among the major indices, picking up 82 points, nearly 3%. The index also surged through the 2800-point barrier, thought to be a possible point of resistance. The Dow gained a respectable 72 points on the day. (source: MSNBC) http://msnbc.com/news/158521.asp

Dow Jones Industrials: 10649.81 +71.57 +0.68%
Nasdaq Composite: 2840.39 +82.48 +2.99%
S&P 500: 1360.40 +17.50 +1.30%
30-year Treasury Bond: 5.648% +0.043

posted 01-22-2001 06:33 PM         

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The markets spent the afternoon creeping back toward positive territory, but never quite crossed the line into the black. Today’s session was defined by hesitation as investors remained on the sideline with a slew of earnings reports due this week. Tech issues pulled the major indices under for much of the day with uncertainty reagarding profit outlook driving buyers away. Biotech and retail issues performed well. Despite a negative earnings report from Dell, investors resisted the urge to panic, possibly signalling an increased tolerance for risk. At the end of the day, the Nasdaq closed down just over 12 points, and the Dow slipped only 9 points. (source: MSNBC) http://www.msnbc.com/news/158521.asp

Dow Jones Industrials: 10578.24 -9.35 -0.09%
Nasdaq Composite: 2757.91 -12.47 -0.45%
S&P 500: 1342.90 +0.36 +0.03%
30-year Treasury Bond: 5.605% +0.054

posted 01-19-2001 06:12 PM         

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It was a pretty blase day at the market: the major indices traded within tight ranges for most of the session, with little market-moving news during day to go on. The Nasdaq opened up 70 points, with big-caps leading the way, but quickly fell to earth, pulled downward by profit-taking and a weak outlook from Sun Microsystems. The tech-heavy index traded around breakeven for the rest of the day, and gained only 2 points by the close. The Dow followed a similar pattern, but spent all its time well into negative territory. After opening around breakeven, the blue-chip index was hit hard by an earnings warning from Home Depot, and closed down 91 points. A strong performance by Microsoft kept losses in check for both the Nasdaq and the Dow. (source: MSNBC) http://www.msnbc.com/news/158521.asp

Dow Jones Industrials: 10587.59 -90.69 -0.85%
Nasdaq Composite: 2770.38 +1.89 +0.07%
S&P 500: 1342.54 -5.43 -0.40%
30-year Treasury Bond: 5.551% +0.083

posted 01-18-2001 07:30 PM         

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After a brief downturn in the morning, the Dow recovered to post nearly a 94 point gain. A strong earnings report from IBM drove the rally, lifting blue-chips and hardware issues. Expectations that the Federal Reserve will soon intervene to boost the slowing economy also fueled the uptick. For the first time in several sessions, a gain in the Nasdaq accompanied the Dow’s success. The Nasdaq gained almost 3.2% on the strength of tech and biotech shares. More reasonable valuations continue to result in a positive attitude toward the tech sector this week. (source: MSNBC) http://www.msnbc.com/news/158521.asp http://www.investorguide.com/cgi-bin/daily.cgi?03060

Dow Jones Industrials: 10678.28 +93.94 +0.89%
Nasdaq Composite: 2768.46 +85.68 +3.19%
S&P 500: 1347.97 +18.50 +1.39%
30-year Treasury Bond: 5.468% -0.046

posted 01-17-2001 06:59 PM         

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What looked like a big day for the Nasdaq turned into only a decent one: after posting greater than 4% gains throughout morning trading, the tech-heavy index steadily lost ground in the second half of the session, and finished up 2.45% (64 points). The Dow shed 68 points on the day, as rotation into tech and an earnings warning from 3M weighed heavily on the blue-chips. The major news, of course, was earnings reports and warnings. Better-than-expected reports fueled the tech rally today, but continued pessimism about the short term held many investors back. (source: MSNBC) http://www.msnbc.com/news/158521.asp

Dow Jones Industrials: 10584.34 -68.32 -0.64%
Nasdaq Composite: 2682.78 +64.23 +2.45%
S&P 500: 1329.62 +2.97 +0.22%
30-year Treasury Bond: 5.514% -0.083

All times are EST (US)