To: Clappy who wrote (51747 ) 5/20/2002 10:42:07 AM From: Sully- Respond to of 65232 Reuters Business Report Stocks Fall as Investors Are Cashing In NEW YORK (Reuters) - Stocks fell in the early morning on Monday as a warning over the odds of more deadly attacks on the United States and softer-than-expected economic numbers convinced investors to lock in profits after a winning week on Wall Street. "A move up of that magnitude will invite skepticism and profit taking and that is by far the biggest consideration," said Hugh Johnson, chief investment officer at First Albany Corp. Concerns of another deadly attack on the United States are keeping investors on edge. Vice President Dick Cheney said on Sunday a new attack on the nation was "almost certain" as intelligence officials picked up signals a fresh al Qaeda strike could be in the works. The Conference Board's index of leading economic indicators added more pressure after falling 0.4 percent in April. Economists had been expecting a drop of 0.2 percent. The market extended its losses after the weaker-than-forecast numbers. The technology-loaded Nasdaq Composite index (NasdaqSC:^IXIC - News) fell 29 points, or 1.71 percent, to 1,711, after racing 8.8 percent higher last week and scoring a five-session winning streak. The Dow Jones industrial average (CBOT:^DJI - News) fell 93 points, or 0.91 percent, to 10,258, after a 4.2 percent gain that landed the blue-chip gauge its best week since September. The broader Standard & Poor's 500 Index (CBOE:^SPX - News) dropped 11 points, or 1.05 percent, to 1,1094. "If you are looking for catalysts then you could point to a number of reasons," Johnson of First Albany added. "Cheney's warnings may convince people to take some money off the table, and leading indicators could offer another reason." biz.yahoo.com