Compaq Message Board - Msg: 12479852

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Technology Stocks : Compaq

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To: JDN who wrote (75192)	1/6/2000 12:16:00 AM
From: Night Writer	Read Replies (1) of 97611

JDN, I'm posting this just for you. We'll call it current market rumors and not confuse it with facts. I'm trying to figure out why the "psychologically important 6.50% level." NW MARKET NEWS: U.S. stocks ended mixed in a highly-volatile session on Wednesday as Wall Street shifted money into the blue chips from riskier growth issues amid nagging worries about rising interest rates. The Dow Jones industrial average climbed 124.72 points to 11,122.65. The Nasdaq composite index, meanwhile, eased 24.15 points to 3,877.54 in a rollercoaster session that saw the technology-heavy index drop more than 166 points and rise more than 22 points before settling down. Unnerving the stock market was the benchmark 30-year U.S. Treasury bond's decline of more than a point -- off 34/32. The yield rose to 6.62%, which exceeds the psychologically important 6.50% level. (Reuters 04:56 PM ET 01/05/2000) For the full text story, see infobeat.com

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