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To: C.K. Houston who wrote (50308)	3/13/2000 12:24:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116759

OT: BTW - NIKKEI Index was down over 600 tonight. Now at -584.08 What do you think is causing this drop in the NIKKEI Index? ca.finance.yahoo.com^N225&d=1d This?: ca.biz.yahoo.com ...."Traders saw little impact from gross domestic product (GDP) figures announced shortly before the market opened. GDP for October-December showed a worse-than-expected decline of 1.4 percent from the previous quarter.".. Also, BE CAREFUL with the Nikkei quote. I think you'll find that it's wrong tonight. -675 Hutch

To: C.K. Houston who wrote (50308)	3/13/2000 8:42:00 AM
From: Hawkmoon	Respond to of 116759

Japan reported negative growth that indicates that it is sliding back into recession (or hasn't yet emerged from, depending on your definition. dailynews.yahoo.com March 13 8:15 AM ET Stocks Seen Opening Lower on Japan Woes By Ian Simpson NEW YORK (Reuters) - Stocks were forecast to open lower on Monday, hit by a contraction in Japan's struggling economy and profit-taking among technology stocks. Analysts said Wall Street would track Asian and European markets that stumbled on Japan's announcement that its economy shrank 1.4 percent in the last quarter of 1999. Japan's technical recession sent computer, Internet and telecommunications stocks into retreat. ``It's follow the leader right across the board this morning, and as a result we're going to have a sharply lower opening,' said Peter Cardillo. director of research at Westfalia Investments. The Standard & Poor's 500 futures index for June was off 18.7 points at 1399.1. Art Hogan, chief market analyst at Jefferies & Co. in Boston, said Japan's downturn would prompt ``pure profit-taking' in high-flying technology issues. ``In terms of the opening, it looks like we're going to be pretty soft,' he said. The technology-heavy Nasdaq composite index (^IXIC - news) closed up 1.76 points, or 0.03 percent, at a record 5,048.62 on Friday. The blue-chip Dow Jones industrial average (^DJI - news) fell 81.91 points, or 0.82 percent, to 9,928.82. Wall Street could get some underpinning from mergers and corporate alliances. General Motors Corp. (NYSE:GM - news) and Italy's Fiat SpA (FIA.MI) were poised to unveil a major alliance in a hunt for economies of scale in the rapidly consolidating global car industry. Two of the biggest U.S. media firms -- Tribune Co. (NYSE:TRB - news) and Times Mirror Co. (NYSE:TMC - news) -- announced a merger to create a coast-to-coast empire. Aetna Inc. (NYSE:AET - news), the largest U.S. life and health insurer, said it declined a $10 billion takeover offer from Wellpoint Health Networks Inc. (NYSE:WLP - news) and ING America Insurance (ING.AS) and decided to split itself into two public companies. Software maker i2 Technologies Inc. (NasdaqNM:ITWO - news) said it planned to buy Aspect Development Inc. (NasdaqNM:ASDV - news), a competing maker of so-called business-to-business software, for $9.3 billion in the largest merger ever in the software industry. Markets will be looking ahead to a raft of economic numbers this week. Among key data, the government will report the February Producer Price Index, a measure of wholesale inflation, on Thursday. The retail inflation measure, the Consumer Price Index, is due out on Friday. The gauges could provide a clue about the direction of short-term interest rates. Tokyo's Nikkei average (^N225 - news) closed down 560.47 points, or 2.84 percent, at 19,189.93. London's FTSE 100 gauge (^FTSE - news) was off 143.3 points, or 2.18 percent, at 6,425.4. The dollar was largely unchanged against the yen at 105.28 yen bid. The euro was also mostly unchanged at $0.9705. The U.S. Treasury 30-year bond was up 7/32 and was yielding 6.16 percent. The Wall Street Journal's Heard on the Street column said biotechnology companies could use their surging stocks to buy old-line pharmaceutical companies. The New York Times' Market Place column said billionaire investor Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRKa - news) is considering buying back some of its shares.