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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (33420)9/24/1998 3:10:00 PM
From: Night Writer   of 97611
 
U.S. TRADING SUMMARY: Stocks were broadly lower Thursday afternoon
as Wall Street's celebration over lower interest rates apparently
gave way in part to the morning's remaining global economic fears.
At noon, the Dow Jones industrial average was down 71 to 8084. The
Nasdaq was lower as well, down 12 to 1748, and the S&P 500 was off
12 to 1054. Decliners led advancers on the Big Board 17 to 12 on
volume of 461 million shares. Hugh Johnson, chief market
strategist at First Albany Corp. said the markets were taking a
cautious tone on signs that there could be a financial crisis that
is not going away. Johnson cited news that commercial banks and
the New York Federal Reserve have gathered together to bail out
the multibillion dollar hedge fund, Long-Term Capital Management
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