Word: nasdaq
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Dates: during 1990-1999
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Just in from the Fed: There will be no change in short-term interest rates. Which was exactly what Wall Street was expecting; trading on both the Dow and NASDAQ was robust all day, and was expected to continue unflinching in the wake of the announcement. Faced with weighing the high-octane U.S. economy against the tenuous financial markets overseas, the Fed has not changed rates since late March; they will remain at 5.5 percent. In Money Daily...
Techs on the Rocks After yesterday's bad omen from Oracle, NASDAQ was reeling again as tech stocks took another...
...corporate earnings reports. The first victim? Oracle. Citing the Asian market slump and poor telecoms sales, the software maker reported sharply disappointing second quarter earnings Tuesday ? and promptly lost a third of its value in frenzied trading. Play on Oracle accounted for a quarter of the total volume of NASDAQ action ? and the rest was a tech sell-off, erasing all of the index's Monday gains...
...Money Daily takes a look at one measure in particular: the NASDAQ, battered by turmoil in the semiconductor industry. A tech slump may be here to stay...
...Investors who were hoping for a follow-up to Thursday's convincing rally were disappointed Friday as strong blue chips parted ways from the broader market, which closed lower. The Dow jumped a respectable 54 points to close at 7881 but the NASDAQ fell six points and the small-cap Russell 2000 finished down a fraction...