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To: Dealer who wrote (14915)4/18/2000 6:29:00 PM
From: stockman_scott  Respond to of 35685
 
Stocks Back From the Dead...

upside.com

<<The Nasdaq composite index set a single-session point-gain record for the second day in a row on Tuesday in a broad-based technology rally fueled by favorable earnings news. Taken together, Monday's and Tuesday's trading sessions witnessed an overall clawback from Friday's spectacular losses.

At a glance: The Nasdaq closed up 254.35, or 7.19 percent at 3793.51. Nasdaq advancing issues led decliners 3,274 to 1,057, on volume of 2.1 billion.

The Dow Jones industrial average ended the session up 184.91, or 1.75 percent, at 10767.42.

Advancing stocks outnumbered decliners 1,976 to 1,004 on the New York Stock Exchange, where volume was 1 billion.

The S&P 500 closed up 40.17, or 2.87 percent, at 1441.61. The Russell 2000 index of small cap issues ended up 26.19, or 5.70 percent, at 485.45. After trending south at one point, the Philadelphia semiconductor saw the the session out with a gain of 42.71, or 4.23 percent, at 1052.59. The Wilshire 5000 index, a broad indicator for the whole U.S. stock market, closed up 479.20, or 3.73 percent, at 13328.78.

"Clearly there has been a reaction to last week's sort of meltdown," Scott Lummer, an individual investment adviser with mPower told UpsideToday. "Panic and margin calls were a factor then, and now you have smart money on the sidelines buying back in -- some of that was driving the Dow and Nasdaq up yesterday and today.">>

In This Crazy Market The Trend Can Be Your Friend...;-)

Best Regards,

Scott