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Technology Stocks : Compaq
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To: Maxer who wrote (25105)4/28/1998 12:51:00 PM
From: Night Writer   of 97611
 
My My what a difference a day makes.
NW

U.S. TRADING SUMMARY: U.S. stocks bounced back at the open Tuesday
after fears of a Federal Reserve interest rate hike hammered the
market on Monday. At 10:45 a.m. ET, the Dow was up 50 points to
8967, moving off its early highs. Technology stocks, hardest hit
by the sell-off, also rebounded strongly. The Nasdaq composite
rose 23 points to 1843. The S&P500 gained eight points to 1094.
Advances led declines by more than 3-to-1 on NYSE volume of 188
million shares. The 30-year Treasury rose 2/32 to yield 6.04%.
Market analysts say growing cash infusions from mutual funds have
been a driving force in the market's rally. Traders said fears of
higher interest rates that sparked a steep sell-off Monday had
calmed by Tuesday.
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