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To: Bosco who wrote (86524)	11/9/2000 4:06:08 PM
From: Night Writer	Respond to of 97611

Stocks Reel on Democratic Challenge New York, Nov 09, 2000 (123Jump via COMTEX) -- The stock market reeled on the announcement by Democratic party officials that they will challenge the outcome of the presidential election in Palm Beach County Florida. The Dow Jones Industrial Average surrendered 237 points to 10670.06. The New York Stock Exchange lost 9.24 points to 652.56 with a volume of 710 million shares. The Nasdaq retreated 125.54 points to 3106.16, trading 1.3 billion shares. The Standard & Poor's 500 gave up 27.03 points to 1382.25. The AMEX dropped 16.01 points to 904.62 on a volume of 45 million shares. Bonds rose. The 10-year Treasury fell 8 basis points to a yield of 5.78%; the 30-year fell 5 basis points to a yield of 5.82%. At the close in Europe, the London FTSE 100 gave up 0.54%. The Paris CAC 40 was down 1.02%, and the Frankfurt DAX fell back 0.41%. America Online, Inc. (AOL) lost 4.04 to 52.26. Dell Computer Corporation (DELL) was down 2.38 to 27.94. Intel Corporation (INTC) fell 1.88 to 40.81. International Business Machines Corporation (IBM) gave up 1.88 to 98.13. Yahoo! Inc. (YHOO) dropped 7.19 to 57.81. BroadVision Inc. (BVSN) surrendered 2.88 to 31.5. Network Appliance, Inc. (NTAP) dropped 12.44 to 94.63. Microsoft Corp. (MSFT) rose 0.52 to 69.95. Juniper Networks, Inc. (JNPR) retreated 15.94 to 172.25. VERITAS Software Corporation (VRTS) fell back 8.31 to 136.19. Philip Morris Cos. (MO) was off 1.56 to 35.13. Merck & Co. Inc. (MRK) gave up 1.38 to 89.44. Pfizer Inc (PFE) lost 1.19 to 44.19. Xilinx Inc. (XLNX) gained 1.88 to 60.19. Compaq Computer Corp. (CPQ) retreated 2.38 to 26.97. Oracle Corporation (ORCL) picked up 0.56 to 25.38. Wal?Mart Stores Inc. (WMT) fell 1.31 to 47.44. Audiovox Corp. (VOXX) fell back 1.81 to 10.94. Its car electronics and cellular phone manufacturing operations are likely to earn 44 to 47 cents per share for the quarter ending Nov. 30. Wall Street expected 66 cents. Internet Capital Group Inc. (ICGE) dropped 5.5 to 10.75. The investor in Internet?commerce startup companies will slash 50 jobs, about one?third of its employees. It will also take a charge of $25 million to $30 million to pay for the layoffs. Digital Island Inc. (ISLD) produces software to speed transmission of audio/video over the Internet. It reported losses of $1.60 in the quarter ended Sept. 30, less than the $1.69 predicted by the Street. The stock fell 0.81 to 10.5. Drugmaker EntreMed Inc. (ENMD) said the experimental Endostatin drug offered promising results in fighting cancer in humans. EntreMed added 1.44 to 30.69. Exelixis Inc. (EXEL) manufactures products to analyze genes. It said third?quarter losses will be only 13 cents per share, compared to 88 cents a year before. It beat expectations of a 20?cent loss. The stock gave up 0.69 to 24.69. Biopharmaceutical company Gilead Sciences Inc. (GILD) said it will increase its quantity of common stock fivefold to 500 million, and that it will eventually split its stock 2?for?1. Gilead rose 0.69 to 90.88. Protein Design Labs Inc. (PDLI) manufactures antibodies to treat disease. Its third?quarter loss of 13 cents per share beats the Street prediction of 16 cents. Protein Design was off 12.56 to 119.81. Teligent Inc. (TGNT), which offers phone and data services via a wireless network, will cut 780 jobs, 22% of its employees. Teligent lost 1.06 to 5.63. The Producer Price Index advanced more than predicted last month because of higher prices for natural gas, electricity and food, which more than counterbalanced declines for gasoline and automobiles. But the core rate, excluding volatile food and energy elements, fell. PPI rose 0.4% in October, compared to 0.9% in September, the Labor Department reported. The core rate fell 0.1% in October, compared to a gain of 0.3% in September. The core rate sends a message to the Federal Reserve policy that inflation is tame and that no further interest rates hikes would be needed. In a separate index, the Labor Department said first-time claims for unemployment benefits rose 35,000 to 344,000. But that figure, the highest in two years, is attributed by analysts to temporary auto plant closings.