Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rupert1 who wrote (54620)	3/23/1999 4:47:00 PM
From: rupert1	Respond to of 97611

Tuesday Evening Briefing.com Close Dow -218.68 at 9671.83, Nasdaq -73.18 at 2322.76, S&P -34.87 at 1262.14: Plagued by earnings concerns and the likelihood of military action in Kosovo, the equity market endured a broad-based selloff today... Very few stocks managed to buck the bearish trend which was denoted in a distinctly negative a/d line on the NYSE and Nasdaq... With help from a late buy program, the indices finished off their worst levels of the day, yet sellers pretty much called the shots from the opening bell... Losses were most pronounced among the technology stocks, but the selling pressure was pretty indiscriminate as red abounded on stock monitors... Most major averages were down at least 2%... The tech-heavy Nasdaq, however, ended down 3.05%... For the first time in recent memory, every Dow component posted a loss with General Motors (GM -4 11/16), General Electric (GE -3 13/16), J.P. Morgan (JPM -3 11/16), and Merck (MRK -3 1/2) pacing the pullback... Coca-Cola (KO -1 3/4) was another notable Dow loser, having struggled after Merrill Lynch cut its Q1 and FY99 EPS estimates for the company... Russell 2000 -2.5%... Nasdaq 100 -3.3%... DJTA -80.57... DJUA -3.27... SOX -15.96.