This was Briefing.com's last report on its ticker:
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Close Dow -144.75 at 9399.67, Nasdaq -36.97 at 2339.38, S&P -17.77 at 1253.41: What had been shaping up to be a positive session turned negative in a hurry when the Treasury market came unglued in the afternoon following a weaker than expected 2-year note auction... Selling hit across the curve, and when rates jumped, stock prices fell-- and fell fast as Mr. Greenspan's concerns over valuations hit home... At its highs of the day, the Dow had seen 9600, but a broad-based selloff in the final hour-and-a-half of trading left it trading below 9400... Just about every stock got caught up in the late selling activity as the indices basically closed at their lows of the session... Financial, health care, and technology issues got hit particularly hard... Among today's few winning standouts were the phone and airline stocks... The latter rallied after Merrill Lynch named Delta (DAL +2 13/16) its Focus One Stock of the Week... However, the DJTA settled with a gain of 27 points after being up more than 90 points at one time... The Dow's retreat was paced by American Express (AXP -3 15/16). J.P. Morgan (JPM -3 13/16), IBM (-3 3/8), and Wal Mart (WMT -3 1/16)... Strikingly, the DJUA gained 1.17 despite the spike in long-term rates... 30-yr bond -35/32 at 5.51%-- its highest yield since August 21... SOX -0.33... CRB -1.55... Nasdaq 100 -1.9%... Russell 2000 -0.9%... S&P 400 Midcap Index -0.9%.
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