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Technology Stocks : Dell Technologies Inc.

DELL 126.42

+2.8%

Dec 19 9:30 AM EST

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To: Sig who wrote (138270)	8/2/1999 10:40:00 AM
From: Mohan Marette	Read Replies (2) of 176387

U.S. debt futures move off of lows after NAPM & Instant view Ref:Ecomomic numbers Sig: At least NAPM wasn't too damaging. ==================== Monday August 2, 10:05 am Eastern Time Aug 2 - U.S. debt futures came off of session lows following release of July U.S. NAPM. July NAPM was 53.4 versus estimate of 56.1. June NAPM was 57.0. Sept T-bonds moved to near session highs after report's release, but remained weaker. U.S. June construction spending was up 0.5 pct, May was revised to down 1.4 pct. Construction spending had little impact on trade. =========== INSTANT VIEW/U.S. stocks rally after NAPM NEW YORK, Aug 2 (Reuters) - Wall Street stocks rallied from their early losses after data from the National Association of Puchasing Management showed U.S. manufacturing sector activity grew at a slower than expected pace in July. The July NAPM index came in at 53.4, lower than the 56.1 reading economists polled by Reuters had forecast. Following are analysts reactions to the report: SCOTT BLEIER, CHIEF INVESTMENT STRATEGIST, PRIME CHARTER LTD ''The market's going up. We are like Dr. Dolittle in a push-me, pull-me environment. This will reverse what people saw in the (strong Employment Cost Index) number.'' ARTHUR HOGAN, CHIEF MARKET ANALYST AT JEFFERIES & CO. ''Clearly the economy is slowing itself down. This is good for stocks and bonds. (The market) has clearly overreacted to inflation fears.'' (Note: this article is ''in progress''; there will likely be an update soon.)

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