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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62045)	3/14/2002 12:34:12 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Lucent, Intel lead market nosedive 03/13/02 04:00 PM ET money.msn.com A disappointing report on retail sales and weak prospects for tech spending set off a broad decline today. Only three Dow stocks showed gains, and the Nasdaq looked even weaker. A bad morning led to a worse afternoon as buyers' went on a strike in the face of a flood of bad news -- and dimming hope for a rise in business spending. The culprits are many. Lucent Technologies (LU, news, msgs), which fell sharply yesterday after warning on earnings, shed another 13% today after saying it plans to raise $1.5 billion from a sale of convertibles. It was the market's most heavily traded stock.Prepare and file your taxes online with H&R Block Fed chairman Alan Greenspan said again that recovery is under way, but predicted slow growth in capital spending and business investment. He wasn't chipper enough to lift Wall Street.