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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (84778)9/18/2000 3:04:46 PM
From: Night Writer  Read Replies (1) of 97611
 
Just about the time you think the economic road is smoothing out you hit another bone jarring pothole.
NW
stats.bls.gov
U.S. TRADING SUMMARY: Technology stocks and blue chips succumbed to fresh selling in midday trading on Monday as more companies warned that their earnings will be hit by a weak euro currency and soaring oil prices. The latest warnings came for both firms like consumer products giant GILLETTE CO. (G: 28, - 1-13/16) andROCKWELL INTERNATIONAL (ROK: 30-3/8, - 7-13/16), one of the world's largest industrial automation companies. The selling grew as oil prices bolted even higher to $37.00 a barrel, a level unseen since the 1990-91 Gulf crisis. Rising oil prices, while helping oil companies generate more profits, hurt others by increasing their energy bill.
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