Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : the Women of SI -- Ignore unavailable to you. Want to Upgrade?

To: Green Receipt who wrote (922)	3/14/2000 8:35:00 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 1691

NEW YORK, March 14 (Reuters) - U.S. stocks were expected to rebound at the open on Tuesday, bouncing up from steep technology losses a day earlier unless new retail sales figures show the economy is too strong to grow without inflation. ``It looks like a steady opening. We came through yesterday's shake-out OK,' said Larry Wachtel, a market analyst at Prudential Securities Inc. Among the technology stocks garnering attention was the world's largest Internet service provider, America Online Inc. (NYSE:AOL - news), which signed separate deals with the world's second biggest retailer, Sears, Roebuck and Co. (NYSE:S - news), and Belgian speech technology firm Lernout & Hauspie. (NasdaqNM:LHSP - news) . Arthur Hogan, the chief market analyst at Jefferies & Co. in Boston, called AOL's deals ``smart partnerships' and said the overall market should recover on Tuesday following an ``overreaction' to Japan's soft economic news a day earlier. The Nasdaq composite index (^IXIC - news) on Monday closed down 141.30 points, or 2.80 percent, at 4,907.32, but off opening losses that topped 4 percent. The global sell-off in technology started in Tokyo after Japan said its economy shrank for the second consecutive quarter -- this time by 1.4 percent in the fourth quarter of 1999. The Dow Jones industrial average (^DJI - news) was up 18.31 points, or 0.18 percent, at 9,947.13, despite losses of more than 200 points at the open. The broader Standard & Poor's 500 Index (^SPX - news) fell 11.45 points, or 0.82 percent, to 1,383.62. In morning economicof 0.3 percent in January. The report is scheduled for release at 8:30 a.m. EST (1330 GMT). Hogan said a stronger-than-expected number could rattle markets, but would likely hit the "old economy" stocks harder than the technology sector. The Standard & Poor's 500 futures index for June were up 4.5 points at 1,405 while the Nasdaq futures index for June was up 27 points at 4,550. The 30-year U.S. Treasury bond was up 3/32 with a yield of 6.16 percent from Monday's close at 6.17 percent. In company news, Sears and AOL said they formed an alliance involving, among other things, marketing each other's goods and services. In a separate deal, Lernout & Hauspie licensed its intelligent content management tools, such as spelling and grammar checking, to AOL. Personal computer giant Dell Computer Corp. (NasdaqNM:DELL - news) and e-commerce company Ariba Inc. (NasdaqNM:ARBA - news), after the market closed on Monday, launched a broad alliance under is forced to sell as part of its $40 billion acquisition of local telephone company U S West Inc. (NYSE:USW - news). Data networking company Adaptive Broadband Corp. (NasdaqNM:ADAP - news) approved a two-for-one stock split. Investor Carl Icahn launched a fresh attack on Nabisco Group Holdings (NYSE:NGH - news) on Monday, unveiling plans to oust the giant food company's board of directors in a proxy contest. The Wall Street Journal's Head on the Street column touts Dan Niles at BancBoston Robertson Stephens as the latest influential analyst in the technology sector, citing comments on companies such as Dell Computer Corp (NasdaqNM:DELL - news).