To: Jim Bishop who wrote (41353 ) 4/4/2000 7:32:00 PM From: Jim Bishop Read Replies (2) | Respond to of 150070
Money Mail from CNBC Visit us at cnbc.com Good evening Subscriber, Here is your Money Mail for Tuesday, April 4. THE BUZZ AT THE BELL For a while today, it looked like the worst that could happen was happening. This morning, the Nasdaq dropped sickeningly, down 575 points at its extreme. At first, the Dow rose 196 points, but then it too got caught in the the sell-off and dropped 504 points. Suddenly, at about 2:00 p.m., stocks began a slow but determined recovery. The Nasdaq finished down 75 on record trading volume. And the Dow, which had dived 700 points from its highest point to its lowest (the index's largest point swing ever), closed down 56 on record volume. Whew. "Volatility" doesn't quite describe what felt like a near-death experience. -------------------- ADVERTISEMENT ------------------------ Squeezing everything you can out of your return? On-line tax experts prepare your return and will maximize your refund. Guaranteed error free or Taxes4Less pays all interest and penalties. Audit representation anywhere in the U.S. $3 refund for electronic filing. FREE answers to your questions 7 days a week.wwwrd.0mm.com ----------------------------------------------------------- MAJOR INDEXES * Dow Jones Industrial Avg.: 11165.77, down 56.20 or 0.50% * Dow Transports: 2718.07, up 11.97 or 0.44% * Dow Utilities: 293.69, up 0.51 or 0.17% * S&P 500: 1494.75, down 11.22 or 0.75% * Nasdaq Composite Index: 4148.86, down 74.82 or 1.77% * Russell 2000: 506.11, down 9.93 or 1.92% * 30-Year Bond Yield: 57.74, down 0.51 or 0.88% * For our complete U.S. index list, go to:wwwrd.0mm.com SCOUTING REPORT: WEDNESDAY Many on Wall Street are optimistic that a positive earnings season could bring an end to the present correction. Tomorrow could prove critical. Watch to see if the most volatile day in history (by some measures), will be followed by a respite. Expected Earnings: * Coldwater Creek (CWTR) Q4 Est. 0.52 vs. Year Ago: 0.48 * Yahoo! (YHOO) Q1 Est. 0.09 vs. Year Ago: 0.03 STOCKS * Portfolio Tracker: What Now? * The Nasdaq's nosedive and the guilty verdict in the Microsoft antitrust case has made Al Kugel, Senior Investment Strategist at Stein Roe & Farnham, cautious on technology. "I think the Microsoft thing will continue to drag the techs down for the next several months," he says. In the meantime he likes companies which have good growth. View his picks here. wwwrd.0mm.com * Stocks to Watch * Joe Kernen's stocks for Tuesday:wwwrd.0mm.com INSIGHTS ON CNBC.COM * Microsoft Ruling Could Shift Landscape * Regardless of the final outcome of Microsoft's landmark antitrust trial, the competitive landscape in the computer industry already has changed dramatically since the case was filed less than two years ago. wwwrd.0mm.com FRESH OFF THE BOARDS * The hot topic on our message boards is Microsoft. Join in debate. Stever: "We're all dead. What ladder did Judge Jackson fall off? All these allegations technically are not warranted. What ever the DOJ pays him, it's too much. I guess the judge expects the pc consumer base to go back to the days of vendor finger pointing." apollo 20000: "Well in retrospect I have a problem with Bill [Gates]. He had every opportunity to avoid this situation but due to his arrogance and wallet he didn't. So we all suffer!" To visit the Microsoft discussion, go to:wwwrd.0mm.com --------------------- ADVERTISEMENT ----------------------- QUALCOMM--too late to buy? Here's the latest development: QUALCOMM's leap from 40-400 was nothing! Readers of advisor Stephen Quickel first bought in 1994 at $2 adjusted -- for 20,000% gains! Nobody knows this wireless leader better than Quickel. Should you buy? Find out with a 30-day FREE Trial:wwwrd.0mm.com ----------------------------------------------------------- WEDNESDAY ON CNBC * KEMPER FUNDS Vice Chairman and Market Strategist Robert Froehlich, Guest Host on Squawk Box at 7:00 a.m. EST * 3COM Chairman Eric Benhamou, on Squawk Box at 9:10 a.m. EST * IPO ALERT: KRISPY KREME Chairman Scott Livengood, on Squawk Box at 9:45 a.m. EST * Click here for a complete CNBC Guest List:wwwrd.0mm.com HOTSPOTS ON CNBC.COM * To visit our Tax Center, go to:wwwrd.0mm.com * To visit our Loan Center, go to:wwwrd.0mm.com * To visit our message boards, go to:wwwrd.0mm.com __________________________________________________________ MONEY MAIL QUICKLINKS * Check your portfolio:wwwrd.0mm.com * Create a Guest Alert to inform you when executives related to stocks in your portfolio will appear on CNBC:wwwrd.0mm.com FEEDBACK AND SUBSCRIPTION OPTIONS * If you wish to UNSUBSCRIBE, please send an e-mail by clicking on this link: mailto:money_mail@list.cnbc.com?subject=unsubscribe