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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (43407)	12/4/2000 10:50:50 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

Very Bad News.....if you are tone deaf Got Sounds? Monday December 4 10:36 AM ET Tech Stocks Sag, Investors Seek Safety NEW YORK (Reuters) - Technology stocks slumped in early morning trading on Monday as investors fled to safer-sounding names with an expected ruling in the disputed presidential race and jitters over a softening U.S. economy looming large over Wall Street. ``It's a return to reality,'' said Paul Cherney, an analyst at S&P Marketscope. ``I think everybody will take a more realistic approach to investing. The money that will go to work now will be invested on sounder fundamentals.'' The technology heavy Nasdaq Composite Index (^IXIC - news) lost 72.01 points, or 2.72 percent, at 2,573.28. The Dow Jones industrial average (^DJI - news) gained 35.64 points, or 0.34 percent, at 10,409.18. The broader Standard & Poor's 500 Index (^SPX - news) slid 3.36 points, or 0.26 percent, to 1,311.87. Traders are hoping for a conclusion to a month-long U.S. presidential battle between Democrat Al Gore (news - web sites) and Republican George W. Bush (news - web sites). After a grueling two-day hearing, a Florida judge said he would issue a ruling on whether hand recounts should proceed in Florida counties where Gore's lawyers argue as many as 14,000 were missed in machine counts. The judge is not expected to rule on Gore's challenge to the U.S. presidential election before noon EST (1700 GMT) on Monday, a court official said. Traders were hit by more signs of an economic slowdown. The U.S. Commerce Department reported that new homes sales in October slowed to 928,000 from 953,000 the previous month, while leading indicators fell 0.2 percent in October.