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Strategies & Market Trends : Sharck Soup
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To: Paul A who wrote (25750)6/1/2001 10:34:27 AM
From: StormRider  Read Replies (1) of 37746
 
10:30 ET Dow -54, Nasdaq -9, S&P -8.15: [BRIEFING.COM] Lower across the board now as the
Nasdaq has slipped into negative ground. Going back to the NAPM release, May's number dropped relative
to April. This is this first weakening after three consecutive modest improvements. Orders also fell, to
45.5% from 45.9%. These figures are consistent with the sharp decline in manufacturing payrolls reported
earlier in the May Employment Report -- both reports suggest the manufacturing sector remains in
recession. In a separate report, construction spending rose 0.3% in April, which was close to expectations.
DJTA -1.4%... DJUA -1.5%... SOX +0.9%... XOI -0.6%... BTK -0.1%... Nasdaq 100 +0.2%... S&P
Midcap 400 -0.2%... Russell 2000 -0.1%... NYSE Adv/Dec 1170/1404... Nasdaq Adv/Dec 1436/1463.
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