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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (10311)	12/8/1999 8:22:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Investors look to Beige Book - perhaps: NEW YORK -- Investors are looking to a survey of regional economic conditions Wednesday for signs that inflationary pressures due to record-low unemployment continue to be under control. On Tuesday, the Labor Department reported that worker productivity increased while labor costs fell -- good news for investors concerned the Federal Reserve might raise interest rates again. If the Fed's Beige Book survey, scheduled for release at 2 p.m. ET, confirms that growth isn't too hot, the chance of another rate hike will be even slimmer. Separately, some analysts expect Yahoo to be a drag on the Standard & Poor's 500 index Wednesday in its first day as a member, as investors take profits from the company's 24% rise to a record high on Tuesday. Money managers who match their portfolios to the S&P 500 gobbled up shares of Yahoo during the regular session. But the company fell 3% in after-hours trading. Stock index futures pointed to a mixed opening when regular trading resumes Wednesday. usatoday.com