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Technology Stocks : Dell Technologies Inc.

DELL 122.55

+4.4%

3:59 PM EST

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To: Boplicity who wrote (67250)	9/24/1998 3:46:00 PM
From: Jimmy Dell	Read Replies (2) of 176387

Banks, brokers walloped Late stock downdraft By Kevin N. Marder, CBS MarketWatch Last Update: 3:32 PM ET Sep 24, 1998 See Bond Report NEW YORK (CBS.MW) -- Stocks unraveled late in Thursday's session amid mounting worries that the damage done by financial derivatives on U.S. banks and brokerage firms is yet to peak. The near-collapse of a major hedge fund and an admission of steep market-related losses by Europe's biggest bank were fresh reminders that the world's financial system remains fragile. At 3:21 p.m. ET, the Dow Jones Industrial Average skidded 168.64 points, or 2.1 percent, to 7,984.00. Wednesday, the popular yardstick surged 257.21 points, or 3.3 percent, in its fifth-largest point gain ever.

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