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Strategies & Market Trends : the Women of SI -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (759)	5/5/1999 8:35:00 AM
From: Rainy_Day_Woman	Respond to of 1691

NEW YORK, May 5 (Reuters) - U.S. stocks were seen opening steady on Wednesday, with AT&T Corp (T - news) giving the blue chips a boost. But analysts caution that Wall Street could be due for a pause after its stunning April run-up. The Dow shot past the 11,000 mark on Monday, just 24 trading days after it cracked the historic 10,000 level. The Dow fell 125.58 points Tuesday. ''It looks like two hours ahead of the open we could open a bit firmer but I don't think it's that much,'' said Bryan Piskorowski, market analyst at Prudential Securities. ''After spreading to the sun we are finding the air is getting thin. Simply put, pause is good.'' Arthur Hogan, chief market analyst at Jeffries & Co, said he thought the market would move up after Tuesday's pullback. ''We overdid it one day but we are in pretty strong territory,'' he said. Shares of AT&T Corp. rose in pre-opening trade Wednesday after the long-distance giant took a step forward in its $54 billion purchase of cable company MediaOne Group Inc. (UMG - news). AT&T rose to 54 on the Instinet electronic broker system from a Tuesday closing price of 51-9/16.