| 09:45 ET Dow -101, Nasdaq -37, S&P -9.08: [BRIEFING.COM] As expected, market has started the day on a weak note amid some broad-based selling pressure that is focussed on the technology sector... Latter has been hit with a slew of worrisome news that includes, among other items, earnings warnings from IM, SSTI, QNTM, a downgrade of GLW by Merrill Lynch, and Prudential lowering FY01 and FY02 EPS estimates for TXN... General Electric (GE +0.47) getting a lift from news its acquistion of Honeywell (HON -5.26) is likely to be blocked by the European Commission... The broader concern for the market, though, is what the EC's obstinance means for subsequent trade and business dealings between the U.S. and Europe... NYSE Adv/Dec 643/1477... Nasdaq Adv/Dec 695/1732. |
