Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (35516)	9/16/2001 3:00:38 PM
From: Teri Garner	Respond to of 37746

U.S. Stocks Seen Falling Monday; Airlines and Insurers to Sink By Danielle Sessa and Phil Serafino New York, Sept. 16 (Bloomberg) -- U.S. stock indexes may plunge as much as 10 percent when trading resumes tomorrow for the first time since terrorists destroyed the World Trade Center six days ago, investors said. Airlines such as AMR Corp. and UAL Corp. may lose more than half their value, said Credit Suisse First Boston analyst James Higgins. Continental Airlines Inc. and other airlines plan to reduce seat and flight capacity by a fifth and lay off staff. Defense contractors, including Lockheed Martin Corp. and Raytheon Co., may gain. The U.S. government said it is allocating $20 billion to combat terrorism. Drugmakers like Pfizer Corp. may rally because their earnings aren't dependent on the economy. ``We are looking at 5 to 10 percent down'' at the opening, said Rafael Tamargo, director of research at Wilmington Trust Co., which manages $25 billion. He cited as yardsticks the 8.4 percent drop in the Dow Jones Stoxx 50 Index of European stocks, the 12 percent decline in Germany's Dax Index and the 4.8 percent decline in Japan's Nikkei 225 since the attacks. quote.bloomberg.com