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

To: Elwood P. Dowd who wrote (44535)	1/21/1999 2:34:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

U.S. TRADING SUMMARY: U.S. stocks were sharply lower at midday on Thursday amid a drop in technology stocks. Strength in one of the Dow's largest technology issues, UNITED TECHNOLOGIES CORP. (UTX: 115-15/16, + 3-15/16), could not keep the blue-chip index from falling into negative territory. At 1:20 p.m. ET, the Dow was down 74 points at 9262. The Standard & Poor's 500 Index, meanwhile, was down 20 points to 1236. United Technologies stood in contrast to most technology issues, which were sharply lower. The Nasdaq Composite tumbled over 63 points to stand at 2352. ''When some stocks run up that quickly, when the enthusiasm it that high, profit-taking is just normal,'' said Thom Brown, managing director of Rutherford Brown and Catherwood. Declines led advances by a 2-to-1 margin on NYSE volume of 523 million shares.