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To: patron_anejo_por_favor who wrote (168591)5/28/2002 6:22:41 PM
From: maceng2  Respond to of 436258
 
opps thanks..fixed it now.

So trading was light according to Ananova

(interesting take on Dynergy too...stock soared -g-)

ananova.com

Dow down on another sell-off session

Weaker-than-expected consumer confidence and spending figures sent stocks tumbling on Wall Street today.

Investors grew concerned that the economic recovery was slowing and light trading, the result of many investors extending their Memorial Day holidays, also made the market susceptible to extreme losses or gains.

The Dow closed down 122.68 at 9,981.58, the Nasdaq slid 9.32 to 1,652.17 and the Standard & Poor's 500 index fell 9.27 to 1,074.55.

The Conference Board reported that consumer confidence rose in May to 109.8 from a revised 108.5 in April. Analysts had expected a reading of 110.0 from the survey conducted by the business group.

Critical research reports about bellwethers and Dow components Home Depot and Intel intensified the decline.

Home Depot dropped $1.88 to $41.59 after UBS Warburg downgraded the stock to "hold" from "buy", citing concerns about its business strategy. The selling spread to other retail stocks, including Wal-Mart which fell 73 cents to $54.79.

Among technology stocks, Intel lost 31 cents, falling to $28.35 after Merrill Lynch reduced its earnings estimates for the chipmaker, citing soft revenues.

Personal computer makers, which depend heavily on consumer spending, were especially vulnerable. Gateway fell 13 cents to $5.55, while Dell dropped 37 cents to $26.85.

But Dynegy soared 39 cents to $9.69 after the energy marketer's top executive resigned because of problems including a decline of as much as 88% in its stock value from the year's high.

And Halliburton rose 25 cents to $19.35 following news that the oil services company has settled 30 asbestos exposure lawsuits. Concern about the costs of asbestos-related litigation has weighed the stock down for months.



To: patron_anejo_por_favor who wrote (168591)5/28/2002 8:01:48 PM
From: David Zgodzinski  Read Replies (2) | Respond to of 436258
 
how 'bout a guess

when does the Fed first raise rates to defend the buck?

first try could be less than two weeks away.



To: patron_anejo_por_favor who wrote (168591)5/28/2002 8:14:20 PM
From: Oblomov  Read Replies (1) | Respond to of 436258
 
Mostly Fools to buy consumer lender Lending Tree. -ggg-

fool.com