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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (99771)	4/10/2000 10:34:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

>THE BUZZ AT THE BELL The stocks of the Dow industrials continued their late-winter comeback today after suffering a temporary setback Friday. Turns out that the market is rewarding established, Old Economy companies for something that few of the New Economy offerings can muster -- solid, reliable earnings. Shares of General Electric (our corporate parent) General Motors and J.P. Morgan advanced on expectations that all three won't disappoint when they release their quarterly numbers later this week. The Dow finished up 75 points on light trading. Conversely, the tech-rich Nasdaq lost a whopping 258 points, continuing its month-long swoon. The sell-off didn't discriminate, hitting a variety of sectors including chips, telecom, and the Internet. Seems that investors are less secure about whether many high-tech companies can produce reliable earnings -- or any for that matter -- to justify their lofty valuations.