=-= Thurs. 9/2/99,,,vol 836M,,Pre-Unempolyment,,Fed Governor Talked The Market Down =-=
NAZ held 2700 and came back very early in the morning(good sign).
Indices [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
SOX 533.150 3.060u 530.090 530.090 534.830 517.270 1770 1557 1 4:30 538.310 182.590
VIX 25.440 1.700d 23.740 26.490 28.110 25.020 375 329 1 3:58 60.630 16.730
QQQ 119.813 -0.422u 120.234 118.000 120.438 117.750 N/A 2146 95 4:22 123.500 97.000
SPZ 1319.100 -12.000d 1331.100 1331.100 1331.100 1304.800 1791 1579 1 4:59 1420.100 923.300
NDX 2392.600 -12.300d 2404.900 2404.900 2407.500 2356.400 1864 1653 1 5:15 2468.400 1063.300
BKX 781.500 -16.400d 797.900 788.500 788.500 774.200 1649 1460 1 4:30 944.300 545.700
COMP 2734.200 -16.600u 2750.800 2716.100 2746.200 2698.100 470 416 1 5:12 2874.900 1357.100
DJII 10843.000 -95.000d 10938.000 10938.000 10934.000 10733.000 N/A 9827 N/A 4:30 N/A N/A
DOW [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
WMT 45.688 0.688u 45.000 44.000 45.813 43.563 53777 3185 643 4:01 53.406 26.219
HWP 104.938 -0.063u 105.000 103.500 106.813 103.000 19731 1715 7 5:00 118.438 47.063
MRK 68.250 -0.625u 68.875 68.125 68.938 67.250 32663 2064 10 4:26 87.375 57.500
GE 112.938 -0.750u 113.688 112.625 113.438 111.375 38288 3401 242 4:01 120.000 69.000
AXP 135.875 -3.125d 139.000 136.500 137.188 133.500 22225 1691 2 4:02 150.625 67.000
JPM 125.938 -3.688d 129.625 127.250 127.313 125.125 9900 925 256 4:00 147.813 72.125
Tech_Titans [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
INTC 85.313 1.875u 83.438 82.250 86.000 82.000 N/A 24941 1 4:00 85.125 34.875
LU 64.000 0.000u 64.000 63.188 64.063 62.563 63032 5662 486 4:18 79.750 26.719
DELL 47.688 -0.188u 47.875 46.750 48.063 46.188 N/A 17203 25 4:00 55.000 20.375
EMC 61.000 -0.375u 61.375 60.000 61.500 59.500 29040 2721 16 4:26 67.469 20.844
MSFT 91.813 -0.563u 92.375 91.500 92.563 90.688 N/A 16635 11 4:00 100.750 43.875
CSCO 68.250 -0.688- 68.938 68.250 68.500 66.750 N/A 17914 15 4:00 70.313 20.563
WCOM 74.688 -1.313d 76.000 75.250 75.375 74.000 N/A 10497 1 4:00 96.766 39.000
IBM 125.875 -1.375d 127.250 126.500 126.750 124.250 55831 3600 25 4:34 139.188 55.375
E*Titans [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
RNWK 80.125 2.750u 77.375 76.188 80.875 75.063 10408 2263 20 4:00 131.875 7.625
AMZN 60.063 0.563u 59.500 57.500 61.938 57.375 N/A 32259 12 4:00 110.625 10.813
AOL 91.250 0.375u 90.875 89.000 91.750 88.375 N/A 9153 42 4:29 175.500 17.250
DCLK 93.500 -0.375u 93.875 92.000 96.625 90.750 19962 5337 15 3:59 176.000 6.750
EBAY 121.438 -0.500u 121.938 117.750 124.750 117.250 43806 10682 2 4:00 234.000 8.406
CMGI 80.125 -0.750u 80.875 78.625 81.625 78.000 29250 7961 131 4:00 165.000 8.609
CNET 35.438 -0.813u 36.250 35.250 37.000 34.875 6372 1374 22 4:00 79.750 7.250
ATHM 37.063 -1.188d 38.250 37.500 38.000 37.000 42664 5670 136 4:00 99.000 11.750
INKT 107.844 -1.281u 109.125 107.250 112.000 106.500 13287 3103 1 3:59 159.125 19.500
PCLN 64.031 -1.563d 65.594 64.125 65.625 62.500 11647 2755 10 4:00 165.000 58.000
YHOO 141.563 -1.750u 143.313 140.250 144.516 139.375 54747 11363 5 4:00 244.000 29.500
Networkers [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
COMS 27.063 2.313u 24.750 24.688 28.000 24.438 N/A 18990 31 4:00 51.125 20.000
SUNW 79.563 -0.125u 79.688 78.688 80.625 77.875 N/A 10772 28 4:00 81.500 19.188
WirelessMfr_Carrier [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
NOK 83.875 1.625u 82.250 81.500 84.375 81.000 27451 1550 40 4:01 99.375 29.531
PCS 59.438 -0.250u 59.688 58.875 59.625 58.063 5096 525 73 4:00 66.875 12.750
NXTL 56.125 -0.500u 56.625 55.750 56.938 55.500 32322 2638 19 4:00 59.813 15.375
MOT 90.375 -1.375u 91.750 90.000 90.688 89.188 19112 1292 143 4:00 100.188 38.375
QCOM 167.250 -1.438u 168.688 161.188 172.875 157.250 N/A 28717 1 4:00 198.625 18.875
Tcom&Cable_Gear [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
JNPR 198.625 18.563u 180.063 173.750 201.750 170.188 21793 6736 1 3:59 234.375 90.125
RBAK 108.500 8.625u 99.875 95.563 111.000 95.000 53187 14832 11 4:00 143.625 32.500
TERN 37.188 3.750u 33.438 32.750 41.313 31.250 20295 3570 34 3:59 60.500 7.000
CMVT 85.938 2.188u 83.750 82.750 87.250 82.125 11354 1993 6 4:00 85.250 19.578
HLIT 117.078 2.078u 115.000 112.250 124.250 110.000 5165 1552 1 3:59 129.500 7.625
PDYN 44.875 0.500u 44.375 43.250 45.500 42.000 1300 225 2 3:59 58.000 31.750
ADCT 39.000 -0.063u 39.063 38.500 39.500 37.688 26886 1978 8 4:00 53.625 15.750
WCII 50.594 -0.406u 51.000 50.500 51.250 49.500 5891 593 3 4:00 64.438 10.250
ETEK 60.313 -0.438u 60.750 58.750 62.500 58.500 2405 608 2 4:00 61.625 19.438
TLAB 58.688 -0.500u 59.188 58.313 60.375 57.125 38560 5245 12 4:00 74.000 15.688
NT 40.500 -0.688- 41.188 40.500 41.000 39.813 48101 1317 5 4:30 47.063 13.406
AWRE 30.750 -0.750d 31.500 32.063 32.063 30.500 4966 602 3 3:59 87.125 4.250
ANTC 44.750 -1.250d 46.000 45.000 45.625 44.438 3020 262 1 3:59 50.438 11.500
OCLI 74.313 -1.250d 75.563 75.563 75.750 73.250 531 117 2 3:58 88.375 14.375
JDSU 107.063 -2.938u 110.000 106.750 111.500 105.500 20861 5057 2 4:00 120.875 77.250
EFNT 42.063 -2.938d 45.000 42.875 45.000 41.625 4295 840 17 4:00 68.000 29.250
CMTN 100.094 -8.844d 108.938 103.750 108.500 99.750 16274 5158 6 3:59 135.000 50.500
Tcom&Cable_SrvcPrvdr [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
LVLT 62.500 2.406u 60.094 59.125 62.625 58.125 12273 1860 1 4:01 100.125 22.375
MFNX 31.313 1.938u 29.375 29.375 31.813 28.625 21690 3010 41 4:00 47.563 4.219
RCNC 43.688 -0.063u 43.750 43.438 43.688 42.625 3852 375 4 4:01 54.500 8.750
ADLAC 62.969 -0.156u 63.125 62.500 64.188 62.375 4321 292 3 3:59 87.000 29.125
MCLD 33.000 -0.531- 33.531 33.000 33.938 32.625 7957 747 34 4:00 35.375 7.625
QWST 28.188 -1.125d 29.313 28.813 28.875 28.125 35620 4397 1 4:00 52.375 11.000
COVD 43.813 -1.188d 45.000 44.500 46.125 43.500 6260 813 7 3:59 81.000 20.656
GBLX 22.438 -1.625d 24.063 24.250 24.625 22.125 N/A 7311 20 4:00 64.250 8.000
NXLK 51.625 -1.813d 53.438 52.375 53.500 49.875 8835 1070 2 4:00 57.688 5.250
GTSG 29.531 -2.844d 32.375 31.563 31.625 29.000 32712 1042 30 4:00 45.844 10.563
ISPs [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
ELNK 46.438 -0.688u 47.125 46.063 47.063 45.500 2697 517 2 3:59 99.375 19.500
MSPG 27.375 -0.875d 28.250 27.500 27.875 27.000 9051 1580 3 4:00 66.500 11.563
CNCX 20.375 -1.438d 21.813 20.750 21.750 20.000 8176 1033 2 3:59 57.625 7.125
PSIX 45.375 -2.125d 47.500 45.875 46.250 44.375 8516 1276 3 4:00 73.750 8.375
WebHosting [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
ABOV 36.063 2.000u 34.063 34.000 36.875 33.188 6069 1441 2 3:59 75.500 5.750
VRIO 34.063 -1.188d 35.250 35.125 35.375 33.813 12280 513 56 4:00 42.500 6.500
EXDS 73.625 -2.281u 75.906 73.500 76.250 72.500 24016 4430 18 4:00 89.750 3.875
E*Portals [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
GNET 63.250 3.000u 60.250 61.250 66.000 60.875 19950 5887 3 3:59 99.500 3.203
INSP 45.938 -0.313u 46.250 45.500 46.375 45.250 2714 349 1 3:59 72.625 9.750
LCOS 41.125 -0.875u 42.000 40.875 42.000 40.875 10136 2018 1 4:00 72.688 10.031
E*Banking [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
SONE 41.500 2.500u 39.000 38.000 41.500 37.625 3378 462 3 3:59 79.250 4.625
TBFC 22.813 -0.063u 22.875 22.250 22.875 21.500 2700 254 8 4:00 75.875 3.938
NTBK 23.313 -1.000d 24.313 23.500 24.313 22.750 7049 1007 1 4:00 83.000 3.578
E*Brokers [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
NITE 32.000 0.438u 31.563 30.375 32.125 30.000 37425 5823 4 4:00 81.625 2.250
NDB 31.250 0.000u 31.250 31.000 31.500 30.375 3081 535 8 4:08 93.000 8.125
EGRP 24.125 -0.063u 24.188 23.750 24.188 23.250 27678 4405 14 4:00 72.250 2.500
SCH 39.000 -0.063u 39.063 38.063 39.625 37.750 22904 1710 1 4:25 77.500 9.250
AMTD 19.938 -0.375u 20.313 19.688 20.250 19.438 16553 2656 10 3:59 62.781 1.875
E*Software [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
VERT 33.375 -0.969u 34.344 33.125 34.375 32.250 2520 538 50 3:59 74.500 17.375
INTU 90.125 -1.250u 91.375 90.000 91.500 89.250 6056 733 8 4:00 110.750 26.250
NSOL 56.688 -1.438u 58.125 56.063 56.875 55.500 4206 749 2 4:00 153.750 10.500
BVSN 99.313 -1.688u 101.000 95.938 101.688 95.438 2456 726 5 3:59 116.375 9.250
VRSN 103.438 -4.500d 107.938 105.938 106.500 101.188 7540 1496 5 4:00 114.000 9.688
E*Misc [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
PHCM 132.750 17.500u 115.250 110.250 136.000 107.875 11914 4237 3 3:59 147.875 32.250
GMST 65.750 -0.625u 66.375 65.125 66.750 63.750 5729 563 31 3:59 77.500 15.500
STRM 42.375 -0.969u 43.344 40.938 45.250 39.250 9077 2482 45 4:00 70.000 24.000
PCs [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
AAPL 70.563 1.938u 68.625 67.625 71.438 66.875 N/A 10341 173 4:00 68.813 28.500
GTW 96.750 0.875u 95.875 95.625 97.500 94.875 13985 1377 64 4:03 100.375 36.125
BBY 61.438 -10.500d 71.938 68.250 68.625 60.688 N/A 4753 1 5:00 80.500 15.969
SemiCapX_EDA [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
TER 37.813 0.438u 37.375 37.188 38.375 36.500 19328 889 51 4:00 40.250 7.500
AMAT 74.438 0.438u 74.000 72.500 75.188 72.250 N/A 9793 1 4:00 79.938 21.563
LRCX 57.438 -0.125u 57.563 57.125 58.125 56.313 8732 824 2 4:00 60.000 8.375
SNPS 58.313 -0.125u 58.438 57.688 59.375 56.875 2548 522 2 4:00 63.250 24.500
NVLS 59.750 -0.625u 60.375 59.125 62.500 58.750 14909 2261 2 4:00 75.875 20.875
KLAC 64.250 -1.000u 65.250 64.188 66.250 63.750 16856 1848 1 4:00 73.063 20.750
Semis [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
TXN 84.750 3.000u 81.750 80.938 85.750 80.500 49588 3047 1 4:23 83.563 22.688
LLTC 64.875 2.313u 62.563 61.563 66.188 61.500 13751 2282 2 4:00 75.750 19.563
AMCC 96.750 2.000u 94.750 94.750 98.000 93.250 2624 424 23 4:00 99.500 12.250
ALTR 46.063 1.500u 44.563 43.313 46.625 43.125 38274 3285 183 4:00 46.875 14.531
QLGC 87.563 1.438u 86.125 85.938 88.250 83.625 5910 1357 3 4:00 96.000 11.750
LSCC 63.750 0.875u 62.875 61.250 64.000 60.750 1871 398 7 3:59 68.125 18.875
XLNX 70.750 0.563u 70.188 69.500 72.188 68.500 26466 3102 2 4:00 77.250 14.875
CREE 37.313 0.313u 37.000 36.125 38.000 35.563 9560 1141 1 3:59 41.000 5.250
TQNT 53.875 -0.438u 54.313 52.063 55.750 51.750 5120 692 32 4:00 56.500 7.328
RFMD 43.875 -0.500u 44.375 43.125 44.375 42.500 7220 1093 9 4:00 48.500 3.063
MMCN 26.125 -0.625u 26.750 26.000 28.000 25.500 24832 2870 22 4:00 57.000 7.750
GALT 48.500 -1.250d 49.750 48.688 49.000 45.875 9988 829 42 4:00 64.750 6.625
MCHP 53.250 -1.438d 54.688 54.250 54.375 52.500 6600 772 17 4:00 57.563 17.000
VTSS 67.938 -1.875d 69.813 68.875 69.875 67.688 5117 984 2 4:00 74.500 17.125
TXCC 50.500 -2.000d 52.500 52.625 52.625 50.375 1336 254 5 3:59 55.813 7.328
PMCS 92.375 -2.875d 95.250 93.750 94.250 91.875 8473 1273 9 4:00 102.250 11.438
BRCM 124.813 -3.688d 128.500 125.125 127.000 123.250 11602 2089 5 4:00 149.500 23.500
RMBS 90.500 -4.750u 95.250 85.500 91.250 83.500 47331 7238 1 4:01 117.500 45.000
Software [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
VRTS 62.938 1.188u 61.750 60.563 63.625 59.875 16578 1838 44 4:00 63.438 11.875
MERQ 52.125 1.000u 51.125 50.813 54.625 49.750 4855 815 3 4:00 52.500 10.563
ORCL 38.438 0.750u 37.688 37.250 38.875 37.125 N/A 9093 21 4:00 41.156 12.125
ADBE 98.750 0.375u 98.375 97.875 100.000 97.125 3538 874 2 4:00 105.250 23.625
CHKP 80.000 0.000u 80.000 79.813 81.625 78.500 6403 796 5 3:59 80.875 10.875
RATL 28.188 -0.313u 28.500 28.000 28.938 27.750 3514 371 12 4:00 40.000 10.500
CTXS 54.875 -0.750u 55.625 54.500 56.250 53.375 8924 1205 85 4:00 65.250 23.125
SEBL 68.500 -1.000u 69.500 67.375 70.125 67.250 11107 1400 63 4:00 73.000 15.125
CA 52.813 -1.063d 53.875 53.500 54.625 52.438 19035 919 14 4:00 58.000 26.000
CPWR 29.250 -1.063d 30.313 29.875 30.000 29.125 38202 1802 10 4:00 39.906 16.375
BMCS 54.000 -1.375u 55.375 53.875 55.250 53.500 28759 2255 4 4:00 64.875 30.000
LGTO 42.875 -1.750d 44.625 44.000 44.375 42.625 7100 1092 25 4:00 46.125 13.750
EFII 57.750 -1.813d 59.563 58.875 59.250 57.625 3070 423 8 4:01 64.875 14.125
ECM [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
FLEX 61.375 -0.375u 61.750 61.000 61.500 59.938 2134 494 2 4:00 62.000 10.984
JBL 44.000 -1.125d 45.125 44.938 44.938 43.625 2244 251 15 4:00 55.375 11.500
SLR 73.875 -1.375d 75.250 75.250 75.250 72.625 13401 865 277 4:02 78.938 19.406
SANM 75.250 -1.625d 76.875 76.000 76.313 74.625 5229 692 19 4:00 83.500 19.625
Misc [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
EXTR 61.500 1.875u 59.625 58.000 63.313 56.625 20959 2143 20 3:59 90.250 35.063
NTAP 64.688 0.125u 64.563 64.125 65.500 63.750 4680 600 1 4:00 67.000 16.000
ADIC 29.750 -0.250u 30.000 29.125 31.750 27.500 3877 576 55 4:00 35.250 3.063
Banks_Brokers [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
MER 75.000 0.688u 74.313 73.563 75.125 72.438 20178 1665 57 4:00 102.500 35.750
MWD 88.813 -0.688u 89.500 88.000 90.063 87.500 20805 1151 329 4:00 116.938 36.500
C 43.938 -0.938d 44.875 44.000 44.188 43.313 N/A 3803 17 4:22 51.750 19.000
GS 59.250 -1.063d 60.313 59.500 60.438 58.875 7276 441 48 4:00 77.250 55.188
Bios_Drugs [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
PFE 38.000 -0.625u 38.625 37.563 38.000 37.188 49493 4154 3 4:16 50.039 28.664
AMGN 82.688 -1.813d 84.500 83.188 83.375 81.938 37398 3538 7 4:00 84.938 28.969
BGEN 78.875 -1.938d 80.813 80.188 80.375 78.250 15999 1847 2 4:00 81.750 20.875
IMNX 64.063 -5.906d 69.969 69.000 69.125 64.000 14501 1722 2 4:00 73.500 11.969
Laser [EDIT This List]
Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo
------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- ---------
BEAM 17.188 1.438u 15.750 15.500 17.500 15.000 18915 2306 5 4:00 29.375 3.000
VISX 86.875 -3.125d 90.000 88.125 88.750 86.500 10331 1717 1 4:00 103.875 10.484
=======
U.S. stocks trim losses, end down amid rate fears
NEW YORK, Sept 2 (Reuters) - Stocks closed lower Thursday as anxiety mounted that the Federal Reserve will raise short-term interest rates for a third time this year.
The Fed, which raised short-term interest rates in June and again in August, has another policy meeting set for Oct. 5.
The Dow Jones industrial average fell 94.67 points, or 0.87 percent, to end at 10,843.21.
Twice during Thursday's session, the Dow dropped 200 points. But each time, the index backed away from setting off the curbs on program trading that are triggered by a move of 210 points.
The 30-year U.S. Treasury bond fell 23/32 pushing the yield higher to 6.13 percent. The dollar remained above 109 yen a day after it touched a new seven-month low.
A wire service report about remarks by Federal Reserve Governor Edward Kelley unnerved investors. Tension was already high ahead of Friday's scheduled release of monthly nonfarm payroll data for August.
Kelley's remarks that it would be ''premature'' to conclude that the Fed will not raise interest rates rattled investors, said Hugh Johnson, chief investment officer at First Albany Corp.
''We have moved from a declining inflation and declining interest-rate environment to to a rising inflation and rising interest-rate environment,'' Johnson said. ''Kelly just reminded us that in that environment, high price/earnings multiples do not work.''
But Johnson said he believes the stock market has been adjusting in an orderly fashion to the changed outlook and can continue to do so.
Economists surveyed by Reuters expect nonfarm payrolls to grow by 220,000 in August after an increase of 310,000 jobs in July.The unemployment rate is believed to have fallen to 4.2 percent in August from 4.3 percent in July.
A report Thursday had new jobless claims rising by a modest 4,000 to 289,000, which matched expectations.
Also, the Commerce Department said factory orders rose 2.1 percent in July, the fastest pace this year.
J.P. Morgan & Co. Inc. (NYSE:JPM - news), a component of the Dow 30, fell 3-11/16 to 125-15/16. Analyst James Hanbury of Schroder & Co. cut his rating on the stock to ''neutral'' from ''outperform.''
Sears, Roebuck and Co. (NYSE:S - news), also a Dow 30 component, tumbled 3-1/2 to 33-5/8. The drop sent the stock to price levels last seen in 1995. Sears, the second-largest U.S. retailer, cut its profit outlook, saying it now expects earnings in the third-quarter to be in the range of 63 cents to 67 cents per share, excluding one-time items. The consensus estimate among analysts had been 82 cents per share. The company said it still expects its new marketing and merchandising plans to drive sales higher. |
