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To: Austin S. who wrote (2377)10/22/1999 10:23:00 AM
From: Duane Greg  Read Replies (1) | Respond to of 3418
 
I hadn't seen that thanks for bring it in. Have you seen this?

Movement into small-caps?
From CBCMarketwatch today:

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"At 2:09 p.m. ET, the Dow Jones Industrial Average fell 156.40 points, or 1.5 percent, to 10,235.16. IBM shares accounted for about one-half of the barometer's decline.

The Nasdaq Composite forfeited 1.0 percent. The Standard & Poor's 500 Index fell 1.3 percent. The Russell 2000 Index of small-capitalization stocks sank 0.4 percent.

Despite the damp tone to the headline averages, Internet issues mustered slim gains amid an outperforming small-cap sector.

"A lot of people are switching from some of the large-cap names that have been [leaders] into small- and mid-cap issues," said Ben Marsh, managing director and head of equities trading at Adams Harkness & Hill Inc. "There's definitely a flight to new names."