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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: Ray Tarke who wrote (556)	11/5/1998 11:02:00 AM
From: Jeffrey L. Henken	Read Replies (1) of 939

Wall Street takes a breather, slips at open NEW YORK, Nov 5 (Reuters) - Wall Street eased at Thursday's open amid profit-taking and consolidation from recent strong gains. Markets also were focusing on Federal Reserve Chairman Alan Greenspan's 1215 EST/1715 GMT speech to a Securities Industry Association meeting. ''This market has been going straight up,'' said Arnie Owen, managing director of capital markets at Cruttenden Roth. "It just needed a breather. The Dow industrials were off 32 points to 8750 points. The Nasdaq composite index eased 11 to 1812. Declining issues led advancers two to one on the New York Stock Exchange and by three to two on the Nasdaq. The Standard & Poors 500 index was off 6 points to 1112 and the 30-year U.S. Treasury bond was up 20/32 to yield 5.29 points. Cisco Systems Inc. (Nasdaq:CSCO - news) was up 11/16 to 66-1/4 after the company reported quarterly results that beat forecasts. Cisco topped volume leaders on the Nasdaq. biz.yahoo.com Regards, Jeff

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