Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 221.05

+1.4%

Dec 8 3:59 PM EST

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To: Petz who wrote (86294)	8/2/2002 6:16:53 PM
From: tejek	Read Replies (2) of 275872

http://biz.yahoo.com/rb/020802/markets_bonds_9.html Treasury Yields Fall on Talk of Rate Cut By Ellen Freilich NEW YORK (Reuters) - Yields on two-year U.S. Treasury notes dived to record lows on Friday after weaker-than-expected U.S. employment data hammered hopes for a U.S. economic recovery and bolstered arguments that the Federal Reserve might have to resume cutting interest rates. Stocks also responded poorly to the news of weak July employment. Major indexes(CBOT:^DJI - News; CBOE:^SPX - News; NasdaqSC:^IXIC - News) fell more than 3.0 percent by mid-afternoon. "The pace of economic activity is much slower than was expected and that calls into question corporate earnings assumptions," said William Sullivan, economist and executive director at Morgan Stanley. "Because the broad equity averages pulled back, that pushed some money back into the fixed-income arena, particularly high-quality issues like Treasuries. Petz, there is a rumor circulating that the Feds in concert with the EU and/or the UK will do an across the board rate cut of 3/4 basis points very soon. In addition to the slow down in growth, the concern is that we are slipping into a deflationary scenario. ted

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