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

To: bruin who wrote (7903)	4/27/1998 12:59:00 PM
From: Chris	Respond to of 42787

watch the interest rates as well. we are above 6% now.. from briefing.com 12:00 ET DJIA -146, Nasdaq -51, S&P -22.20: Today's broad-based decline in the equity market has been triggered by a Wall Street Journal article stating that the Fed shifted back to a tightening bias at its last FOMC meeting, and may raise interest rates in the months ahead... From the opening bell, the indices have traded sharply lower with rate-sensitive and technology stocks leading the retreat... DJIA, however, is off of its lows of the session as an earlier 184-point drop has prompted some light bargain hunting... Nevertheless, today's tone is decidedly negative as evidenced by the lack of leadership and extremely weak breadth figures... 27 of the 30 Dow components are in negative territory... American Express (AXP +1 1/8) the big winner following unconfirmed report that it is in merger talks with AIG... Conversely, J.P. Morgan (JPM -3 1/2) tops the list of losers... As to be expected, talk of an interest rate hike weighing heavily on the bond market... Currently, the long bond is off more than a point and is yielding 6.04%... DJTA -79.47... DJUA -4.01.