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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Briley who wrote (29473)	1/6/1998 9:06:00 AM
From: Glenn D. Rudolph	Respond to of 61433

Nasdaq logs gain of more than 12 points Reuters Story - January 05, 1998 16:36 %DPR %ENT %US %ELI %BUS %HOT %.O INTC SUNW AMAT NSCP MSFT V%REUTER P%RTR NEW YORK, Jan 5 (Reuters) - The Nasdaq Composite Index rose more than 12 points Monday, led by strength in bellwether high-technology shares like Intel Corp , making two straight higher closes to kick off the new year. The index finished up 12.60 points, or 0.80 percent, at 1594.13, on unofficial trading volume of more than 684 million shares. On Friday, the index closed up 11.18 points. Traders, however, said that despite the day's gains, Asian economic woes still posed a potential problem for Nasdaq shares. "It's those things (big technology shares) that will hold the index up for a while until the Asia flu comes blowing through again," one trader said. "Everyone sort of put Asia on the back burner, but it's still perking," he added. Intel was the most actively traded issue Monday, gaining 1-7/8 to 74-1/2. Also logging gains were shares of Sun Microsystems Inc , and Applied Materials Inc , up 2-1/8 to 33-1/8. The day's big loser was Netscape Commuincations Corp , which lost 4-13/16 to 18-9/16 after saying it would report a fourth-quarter loss amid pricing competition from Microsoft Corp .