Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.89

+4.4%

3:19 PM EST

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To: blankmind who wrote (39102)	3/13/1998 5:22:00 PM
From: Jeff Jordan	Read Replies (3) of 61433

Whats the rumor? Market Commentary: It was a mixed day in the markets. The NASDAQ rose, but selective short-term profit-taking in blue chips hurt the Dow Jones Industrial Average, which fell 57 points to 8602. NYSE breadth was 15-14 positive and Big Board volume was 599 million shares. The NASDAQ was the star of the day, up 7.61 points to 1771, led by high tech heavyweights Oracle, Microsoft, Intel and Cisco after Oracle posted good earnings on a 27% revenue rise. Bond prices softened, the 30 year yield rose 2 bps to 5.88% as traders used Clinton rumors and mediocre February PPI as excuses for pre-weekend profit-taking. [ 4:30 p.m. EST, 3/13/98 ]

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