To: Sosmartinov who wrote (70525 ) 11/9/1999 10:39:00 PM From: SMALL FRY Read Replies (2) | Respond to of 120523
I expect a banner day again for the Net stocks if Dow and the Sox index become depressed as this report seem to indicate:(More traders, more money to the only game in town) After Hours Trading Tue, 09 Nov 1999, 10:26pm EST U.S. Stocks May Fall Tomorrow: After-Hours Trading Report By Chelsea Emery and Philip Boroff U.S. Stocks May Fall Tomorrow: After-Hours Trading Report New York, Oct. 12 (Bloomberg) -- U.S. stocks may drop tomorrow after Intel Corp., the third-most heavily weighted stock in the Standard & Poor's 500 Index, reported profit that fell short of estimates. After exchanges closed, Intel, the No. 1 semiconductor maker, reported third-quarter net income of 42 cents a share, down from 44 cents a year ago. Excluding a charge for the purchase of Level One Communications, profit was 55 cents a share, 2 cents shy of the average estimate of analysts polled by First Call/Thomson Financial. In after-hours trading, Intel fell 5 11/16 to 71. During regular Nasdaq Stock Market trading, the stock rose 3/16 to 76 11/16. During the day, stocks fell as bond yields near two-month highs heightened concern the Federal Reserve could raise interest rates soon. The Dow Jones Industrial Average suffered its biggest loss in more than four months. The Dow fell 231.12, or 2.2 percent, to 10,417.06, its largest drop since May 27. The Standard & Poor's 500 Index lost 22.17, or 1.7 percent, to 1313.04. The Nasdaq Composite Index fell 43.52, or 1.5 percent, to 2872.43, retreating from a record 2923.32. Five stocks fell for every two that rose on the New York Stock Exchange, the broadest decline in three weeks. Some 769 million shares traded on the Big Board, up from the three-month daily average of 746 million. The following is a summary of active stocks on MarketXT, an after-hours trading system that opens at 4:30 p.m. New York time. Rank Name Last Price Volume Move From Close 1 Intel Corp. 71 4950 - 5 11/16 2 Microsoft Corp. 92 750 - 9/16 3 America Online 114 600 - 2 1/8 4 Atmel Corp. 33 3/4 500 - 3/16 5 Adaptec Inc. 41 3/4 300 - 1/16