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 : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: getgo234 who wrote (21196)	4/8/1999 9:32:00 AM
From: Ram Seetharaman	Respond to of 27307

They will "hide and seek" as long as the market is bullish ! Yahoo!'s Strong Earnings Put a Hop in Tech Stocks By Justin Lahart Senior Writer 4/8/99 9:13 AM ET Tech stocks -- the .coms in particular -- are gearing up to lead the market higher this morning. Mostly it comes down to Yahoo! (YHOO:Nasdaq), whose first-quarter earnings last night are putting a shine on things. "We have a positive tone after these Yahoo! numbers," said Jim Herrick, managing director of trading of Robert W. Baird in Milwaukee. "The conference call went well. Everything was positive." In preopening trade, the stock was up 8 5/8 to 217. Financial stocks, too, are expected to see another day of gains. The perception of a nascent recovery in Japan, which could lead Asia out of its rut, has helped soothe the emerging-market jitters that have hurt these stocks. At 9 a.m. EDT, the S&P 500 futures were up 2.2, more than 4 above fair value and indicating strength at the open. The 30-year Treasury was flat at 96 9/32, putting the yield at 5.50%. Japanese stocks climbed to their highest level since March of 1998 on continued buying by foreign investors, while domestic institutions appear to be testing the waters. The Nikkei added 292.19, or 1.8%, to 16,846.69. But the real action in Japan today lay outside of the Nikkei. On the strength of the earnings of its U.S. counterpart, Yahoo! Japan added 32%. So far this year the company has jumped 400%. Today's gains helped send the Jasdaq up 1.48, or 3.3%, to 46.73. Hong Kong's Hang Seng, too, was at a 12-month high after the index gained 112.97 to 11,727.84 -- this in spite of some heavy profit-taking in the closing minutes of trade. Action in Europe is muted, with many investors sticking to the sides ahead of the European Central Bank's decision on rates later today. In Frankfurt, the Dax was down 1.05 to 5051.22. In Paris, the CAC was up 16.15 to 4334.19. The Bank of England cut its key interest rate 25 basis points to 5.25%, but because the move was so widely expected, it did not garner many cheers from investors. If anything, it was taken as a sign to take profits -- the market dropped 20 points on the news and into negative territory. The FTSE was lately off 18.7 to 6454.5. Thursday's Wake-Up Watchlist By Brian Louis Staff Reporter