Word: nasdaq
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Dates: during 1990-1999
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...sketchy brokerage firm called Reynolds Kendrick Stratton. In the spring of 1993, Kott helped arrange for a group of investors to acquire a controlling interest in the brokerage company, and Kott was hired as a consultant. Reynolds Kendrick Stratton aggressively promoted Kott-related stocks, notably shares of a NASDAQ-listed company called Hariston Corp...
...YORK: The SEC approved a sweeping set of reforms designed to increase confidence and bring more small investors into the Nasdaq Stock Market. Nasdaq, home to such high-tech firms as Netscape, and Microsoft, has experienced a wild growth boom as investors flock to tech stocks. But two government investigations earlier this summer turned up allegations that dealers were engaging in price-fixing by not allowing all investors news of the best prices on the electronically traded market. As a result of the investigation, Nasdaq was formally censured by the SEC and ordered to provide more oversight of dealers...
Like Buzz Lightyear, the gung-ho plastic spaceman in Toy Story who thought he was real, investors in Pixar Animation Studios have learned that reality bites. Pulled down by the collapsing, technology-driven NASDAQ market, Pixar stock fell 5.7% last week, to close at $16.50, light-years from its November high of $49.50, signaling that the almost cartoonish rush of IPO investing is finished...
Last week's disaster on the NASDAQ is a clear indication that many investors have begun to turn cautious as well. The NASDAQ index of over-the-counter stocks, where most IPOs are traded, fell nearly 5% last week and has plunged 11% since June...
...fourth-worst point drop ever, falling 161.05 points to close at 5,349.51. That represents its steepest slide since March 8 and its lowest close since late January. The Dow has now shed 7.4 percent from its record high of 5,778.00 on May 22. The technology-heavy Nasdaq index plunged 43.60 to 1,059.89 -- the equivalent of a 220-point drop in the Dow -- and is down 15 percent from its June 5 record. The recent sell-off began July 5 when the Dow fell 114 points following a surprisingly positive jobs report, raising fears of an interest rate...