Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Johnny Canuck who wrote (21392)	6/7/1999 2:33:00 PM
From: Johnny Canuck	Read Replies (1) of 67803

U.S. TRADING SUMMARY: Stocks traded higher around midday on Monday as news of a huge merger and bargain hunting in the technology sector triggered broad-based buying on Wall Street. But trading was thin with many investors expected to remain on the sidelines until they get further evidence on the Federal Reserve's next move on interest rates. Shortly after 1:15 p.m. ET, the Dow Jones industrial average was up 66 points at 10,866. The tech-laden Nasdaq composite index rose 29 points to 2,508 and the Standard & Poor's 500-stock index was up 3 points at 1,331. The Russell 2000 gained 2 to 444. On the Big Board advancers led decliners 14 to 13 however trading was subdued with volume at just 373 million shares. infobeat.com

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