To: Valley Girl who wrote (39883 ) 3/26/2000 2:49:00 PM From: Captain Jack Read Replies (1) | Respond to of 74651
V G -- Below 90 I'll add too,, but not above. Holding enough now thanks to VSIO it came at 80.. A little blurb,, NEW YORK, March 26 (Reuters) - Wall Street sees more volatility next week as traders eye a key meeting of major oil producers, but U.S. stocks could lift further as the markets gear up for what many expect will be a rosy earnings period. Meanwhile, market analysts said investors will have their ears keenly tuned for any earnings pre-announcements, particularly for shortfall warnings. Such an announcement nearly three weeks ago by Procter & Gamble Co. <PG.N> devastated the company's stock price. "No news is being construed as good news for the most part as far as looking forward to earnings season," said Bryan Piskorowski, market analyst at Prudential Securities. U.S. stocks rallied sharply last week as financial markets cheered the Federal Reserve's modest quarter-point hike in interest rates, confident that the Fed would raise rates gradually. The Dow Jones Industrial average <.DJI> ended the week 4.9 percent higher, while the broader Standard & Poor's 500 <.SPX> finished with a gain of 4.3 percent. The technology-laden Nasdaq <.IXIC> also rallied sharply, up 3.45 percent. Early this week, uncertainty over a possible increase in crude oil output could keep the market on pins and needles, market analysts said. Oil ministers from the Organization of Petroleum Exporting Countries (OPEC) will meet in Vienna on Monday. Soaring oil prices, which shot above $30 earlier this month, have spread fear in the financial markets about their potential to build up inflationary pressures. While the flow of earnings reports remains light this week, investors will be eyeing reports from retailing heavyweights such as Walgreen <WAG.N>, Best Buy <BBY.N> and Target Corp. <TGT.N>, formerly known as Dayton Hudson Corp. In the technology sector, Tech Data Corp. <TECD.O> and Cabletron Systems <CS.N> will also report earnings. Also, with this week marking the end of the first quarter, stocks that have performed strongly over the last three months should get a boost from "window dressing," in which fund managers scramble to pack their portfolios with winners. "I've been very impressed with the rally we've had this week, and people have to show that they own certain stocks at the end of the quarter," said Francis Gannon, vice president and senior portfolio manager at SunAmerica Asset Management. Investors will also be on watch for any further news from the U.S. government's antitrust lawsuit against Microsoft Corp. <MSFT.O>, as the two sides wrap up mediation talk that have been underway to settle the case since late last year. "Should there be an announcement or some type of clearing of the air, I think it would be a positive for Microsoft ... and since it's a large-cap issue, it will impact markets," said A.C. Moore, chief investment strategist at Dunvegan Associates in Santa Barbara, Ca. Microsoft shares ripped more than 8 percent higher last Thursday as investors cheered news reports that a settlement would likely restrict the company's conduct, but not carve it up along different business lines. On Friday, Microsoft was virtually unchanged at 111-11/16. U.S. economic data will be in focus with the government scheduled to release the final revision to fourth quarter gross domestic product figures on Thursday, but analysts said the numbers are unlikely to have a major impact on the markets. U.S. economists in a Reuters survey predicted GDP for the final quarter of 1999 weighed in with a hefty 7.0-percent gain in the final revision. Also key on the data calendar is personal income and consumption data for February, which is scheduled for release on Friday. Economists in a Reuters survey predicted income rose 0.3 percent in February vs. a 0.7-percent rise in January, while consumption gained 0.8 percent following a 0.5-percent rise in the first month of 2000. February factory orders, also due on Friday, are seen dropping 1.1 percent, following a 1.1-percent decline in the prior month. (( -- Wall Street Desk, 212-859-1734 )) REUTERS