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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (7258)	3/23/1998 12:47:00 PM
From: Chris	Respond to of 42787

from briefing.com 12:00 Dow -54, Nasdaq +3, S&P -1.19: Following news that several OPEC, and non-OPEC countries, have agreed to cut oil production by as much as 2 mln barrels per day starting April 1st, oil shares are soaring today in conjunction with rising crude prices... Overall, though, the market is trading in mixed fashion as the jump in oil prices has also triggered some worry over inflationary pressures... Response from the bond market, and DJUA, however, appear to indicate that worries over a pickup in inflation due to higher energy prices are a bit premature... Long-bond down just 2 ticks at 5.88% after being off more than a half point earlier... In turn, the DJUA is +1.14... Market again showing some resilience with the Dow currently about 20 points off of its lows of the session... Chevron and Exxon helping to offset large losses in Disney and J.P. Morgan which are down more than two points each... Airlines have been the hardest hit group today and are leading a 91-point decline in the DJTA... Tech-heavy Nasdaq posting slight gain, helped by positive showing from many PC and software companies... CRB +4.26... XOI +13.37.