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Strategies & Market Trends : Tech Stock Options

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To: jjs_ynot who wrote (41308)	4/25/1998 9:55:00 PM
From: jjs_ynot	of 58727

From Bloomberg A Reality Check May Slow Record Gains: U.S. Stocks Outlook By most accounts, the rally in U.S. stocks is humming along nicely: Corporate earnings are meeting expectations and the Dow Jones Industrial Average keeps rising to headline-making records. Time for a reality check -- and a slowdown in the bull market, some investors and analysts say. Earnings are on target because everyone has been aiming low. Profit from operations for Standard & Poor's 500 Index companies grew just 3.3 percent in the first quarter from the year-earlier quarter, according to First Call Corp., which tracks profit reports. That figure, based on the 74 percent of the S&P 500 that have reported so far, hasn't been lower since the first quarter of 1991. The Dow Jones Industrial Average on Friday fell 78.71, or 0.9 percent, to 9064.62, its third straight loss.

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