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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Samuel Wayne Turner who wrote (47263)	6/1/1999 10:22:00 AM
From: kathyh	Read Replies (2) of 90042

one interpretation of the napm numbers... kathy :) Tuesday June 1, 10:05 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) INSTANT VIEW/US stocks at session lows after NAPM NEW YORK, June 1 (Reuters) - Wall Street stocks reached new session lows after the National Association of Purchasing Management reported its index of manufacturing activity rose to 55.2 from a 52.8 level in April. Economists polled by Reuters, on average, had expected May NAPM to rise to a 53.4 level. The prices paid component of the index rose to 52.2 from 49.9 in April. Following are analysts comments on the report: JAMES VOLK, CO-DIRECTOR OF INSTITUTIONAL TRADING AT D.A. DAVIDSON & CO. ''The NAPM was higher than expected plus you've got pressure on the futures. The prices paid component was one more reason they are hitting the bonds.'' (Note: this article is ''in progress''; there will likely be an update soon.) -------------------------------------------------------------------------------- More Quotes and News: DJ INDU AVERAGE (Dow Jones & Company Inc) (^DJI - news)

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