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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (41874)	9/17/2001 8:14:34 AM
From: Dealer	Read Replies (4) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- U.S. stocks seen lower in early trade By Martin Cej, CBS.MarketWatch.com Last Update: 8:07 AM ET Sep 17, 2001 NEW YORK (CBW.MW) - U.S. stocks are likely to fall in early trading Monday as prices begin to register the possible impact of last week's terrorist attacks on economic growth and earnings, analysts and investors said. Airline issues, including United Airlines owner UAL Corp. (UAL), and AMR (AMR), which operates American Airlines, could be hit hardest as investors try to assess the outlook for profit at a time when air travel is expected to drop significantly. Continental Airlines (CAL) said last week that it would layoff 12,000 staff. In Europe, Air France, British Airways and Lufthansa tumbled. To be sure, losses may be contained as a slew of companies said they would buy back shares. Solectron (SLR), which reported a fourth-quarter loss early Monday, said it would buy back $200 million in stock. Cisco Systems,Starbucks, FleetBoston, Ascential, Paradyne Networks and Stellant also said they would buy back shares. Stocks may also be propped up by expectations that the Federal Reserve will lower interest rates. European stocks came off intraday lows and moved tentatively into positive territory on Monday afternoon ahead of the re-opening of the U.S. markets. Frankfurt's DAX 30 was 0.5 percent stronger while in Paris, the CAC 40 gained 0.3 percent. London's FTSE 100 extended gains, trading up 0.5 percent, having dropped 85 points or 1.8 percent in morning trade. On the new markets the FTSE TechMARK was 2.5 percent weaker and Germany's Neuer Markt 50 fell 3.5 percent. Last Monday, the Dow Jones Industrial Average ($INDU) ended the session down less than a point at 9,605.51 after swinging between losses of more than 50 points and gains of 50 points. The Dow Average plunged 235 points Friday to its lowest close since early April. The four-day closure was the longest since the Great Depression. The Nasdaq Composite ($COMPQ), considered the world's technology benchmark rose 7.7 points, or 0.5 percent, to 1,695 last Monday. The Nasdaq 100 Index ($NDX) rose 11 points, or 0.8 percent, to 1,365. Among the broader measures, the S&P 500 Index ($SPX) gained 0.6 percent to 1,093.