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Technology Stocks : Compaq
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To: Richie who wrote (36065)11/9/1998 9:57:00 PM
From: Night Writer   of 97611
 
MARKET NEWS: The Dow closed lower for the first time in eight
sessions Monday as the scorching blue chip rally finally succumbed
to a stiff bout of profit-taking. Shares of financial services
companies lost their luster while airlines hit turbulence to drag
the broader market lower; the frothy Internet shares helped the
Nasdaq eke out slim gains. The Dow closed off 77.50 points at
8897.96, recovering late from a 128 point dip. The Nasdaq closed
up 4.49 points at 1861.05. On the New York Stock Exchange,
declining issues led advancers by just under two-to-one, with a
meager 593 million shares changing hands - the weakest trading
volume since late August. The S&P500 index was off 10.81 at
1130.20. The Russell 2000 fell 1.89 to 398.43. The long bond rose
1-15/32 to yield 5.29% as it recovered from last week's selloff.
For the full text story, see
infobeat.com
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