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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Jimbo Cobb who wrote (25020)	4/27/1998 12:09:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

mark, You may get your wish. The old interest rate nightmare is loose on the street. NW U.S. TRADING SUMMARY: Wall Street stocks were sharply lower Monday on fears that the Federal Reserve may soon raise interest rates. Rate jitters intensified after a Wall Street Journal report said the Fed had shifted from a neutral to a tightening bias. The shift, made at the March 31 meeting of the policy-making Federal Open Market Committee, means the Fed believes its next move on interest rates is more likely to be higher than lower, according to the newspaper report. At 10:40 a.m. ET, the Dow was down 164 points at 8901. The tech-heavy Nasdaq was the hardest hit of the major indices, tumbling more than 2% or 51 points to 1818. The S&P500 fell 21 points to 1086. Declines trounced advances by a 13-to-1 ratio on NYSE volume of 186 million shares. Bond prices also tumbled on the rate jitters. The benchmark long bond lost 1-11/32 and the yield climbed up to 6.03%.