U.S. INDICES (10:40 a.m. ET) Value Change
Dow Jones Industrial Average 10,908.3 - 49.3
S&P 500 1439.4 - 2.4
Nasdaq Composite 4449.9 + 22.4
Russell 2000 539.7 + 2.2
NYSE Advancing Issues 1069
NYSE Declining Issues 1405
NYSE Trading Volume 248 mln.
NASDAQ Advancing Issues 1700
NASDAQ Declining Issues 1654
NASDAQ Trading Volume 417 mln.
U.S. TREASURIES Yield Change
1-year bill 6.20% n/a
5-year note 6.76% - 4/32
10-year note 6.62% - 2/32
30-year bond 6.20% + 13/32
U.S. TRADING SUMMARY: The Nasdaq market was again the
attention-getter on Wednesday morning, led by strong earnings from
CISCO SYSTEMS INC. (CSCO: 133-5/16, + 7-1/2), while blue chips
were treated like a forgotten stepchild. ``You can't stop the
Nasdaq juggernaut,' said Larry Rice, chief investment officer at
Josephthal Lyon & Ross. ``People are dumping the (New York Stock
Exchange's) three-letter stocks to buy Nasdaq. People don't want
to buy interest rate-sensitive stocks because interest rates are
going up so they are going to where they can make money."
TOKYO/LONDON: Tokyo stocks raced to their highest close since July
1997 on Wednesday, buoyed by the Nasdaq's jump to its third
straight record and brushing aside expectations that Japan has
technically slipped back into recession. The benchmark on
Wednesday ended at 20,007.77, up 138.89 points. The UK's FTSE 100
index pared much of its early gains in afternoon trade Wednesday,
as a weak start by Wall Street triggered a bout of profit taking,
dealers said. The UK benchmark index was up just 33.0 points at
6,318.8, having been some 165 points higher during morning trade.
CURRENCIES: Europe's single currency extended overnight gains to
trade at its highest level in two weeks on Wednesday, fueled by
growing optimism about Europe's economic recovery. The euro traded
as high as 99.64 cents, according to Reuters data, getting a lift
after stop-loss orders were triggered near the 99.30 cent level.
The Euro has climbed nearly 0.90 percent since Tuesday's close.
Meanwhile, the dollar strengthened against the yen, trading at
109.60 yen.
MAJOR COMPANY/INDUSTRY NEWS: (All prices as of 10:35 a.m. ET)
** Hackers pulled off a series of brazen attacks on major Web
sites on Tuesday, leading to shutdowns at BUY.COM INC. (BUYX:
27-15/16, + 2-13/16) and EBAY INC. (EBAY: 166-1/8, - 3-5/8) after
a similar assault hit YAHOO! INC. (YHOO: 373-7/16, + 5/16) the day
before. The attacks followed the same pattern, with a massive flow
of automated Internet messages landing on the sites and swamping
them with millions of messages, effectively blocking them to
routine traffic.
Late on Tuesday, online retailing giant AMAZON.COM INC. (AMZN:
83-1/2, + 3/8) also appeared to have fallen victim to an attack.
Hackers also did serious damage to TIME WARNER's (TWX: 85-1/4, +
1/16) CNN Interactive, which administers the Web site of Cable
News Network, cnn.com, slowing content flow to a trickle for
nearly two hours, a CNN official said. See Full Story at
infobeat.com.
ECONOMIC NEWS:
TODAY, February 9: |
