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

To: PCSS who wrote (42690)	1/8/1999 1:32:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

U.S. TRADING SUMMARY: Armed with strong economic data, positive earnings news and aggressive bullish comments from one of Wall Street's most esteemed forecasters, investors rushed into the stock market Friday, driving share prices higher at the open. But the euphoria soon subsided and. In early trade the Dow Jones industrial average was up 29 points at 9,567. Advances beat declines 1,337 to 1,266 as trading volume on the New York Stock Exchange reached 276 million shares. The Nasdaq Composite rose 21 to 2,347 and the S&P 500 index gained one point to 1,270. The Russell 2000 was up two points to 430. The benchmark 30-year Treasury bond fell 16/32 to yield 5.25 percent. A surge in non-farm payrolls and a drop in the unemployment rate to 4.3 percent in December fueled the bulls' brief rampage on Wall Street. Investors looking for excuses to load up on stocks were also helped by Ralph Acampora, Prudential Securities' chief technical analyst, who said he would be invested 100 percent in stocks at this time.