SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Sharck Soup
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: besttrader who wrote (25768)6/1/2001 11:38:46 AM
From: StormRider  Read Replies (1) of 37746
 
11:30 ET Dow -18, Nasdaq +16, S&P -2.33: [BRIEFING.COM] As Briefing.com mentioned in a
previous comment, the Dow is trading lower today on the back of weakness in cyclicals. Cautious
comments out of Dow component DuPont (DD -2.3%) are contributing to the negative bias. Specifically,
the company described its current quarter as "challenging" and expects the number of employees affected
by a recent restructuring plan to be larger than initially anticipated. DuPont is uncertain as to the timing of
an upturn in business and added it expects the second half of 2001 to be somewhat weaker than the second
half of 2000. On the other end of the spectrum, technology bellwether and Dow component Intel (INTC
+5.5%) is strong on the back of comments from Robertson Stephens this morning. The firm says that
motherboard demand is stabilizing after a freefall in early May and that order rates for INTC processors
have picked up over the last week or two. Robbie notes, however, that DRAM pricing continues to slide
with bellwether 128M SDRAM hitting new lows daily over the last couple weeks. DJTA -2.1%... DJUA
-1.2%... SOX +0.1%... XOI -0.3%... BTK +0.3%... Nasdaq 100 +0.3%... S&P Midcap 400 -0.2%...
Russell 2000 -0.1%... NYSE Adv/Dec 1237/1542... Nasdaq Adv/Dec 1555/1642.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News