Word: nasdaq
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
This turnabout points up a broad trend in the market. Dare I say it? New-economy firms are out of favor. Since March 31, the smokestack-vintage Dow Jones industrial average has risen 1,000 points, while the tech-laden nasdaq has gone flatter than steel slab. In that period aluminum maker Alcoa rose a shiny 55% and joined heavy industrials such as 3M and Phelps-Dodge in posting heady gains. Tech wonders, including Cisco, Microsoft and Intel, floundered...
...their pajamas should be clicking trades through cyberspace all night long, potentially saving money by having their trades executed faster. Retail investors will still route their trades to Instinet through brokers--online and otherwise--but they'll be able to react to late-breaking news. Both the N.Y.S.E. and NASDAQ are also planning to extend trading hours, at least until 9 p.m. For now, the SEC can only counsel restraint; Levitt advises online traders to use limit orders, so they only get a stock at a set price, and avoid buying on margin...
After the NASDAQ dropped 5.6% on Monday, wounded highflyers regained their strength for the umpteenth time. "Tech and Internet enthusiasts are hard to keep down," observes Byron Wien, analyst at Morgan Stanley Dean Witter. So AOL, which went from $167 to $116 in a blink, was quickly back at $146. Amazon.com poster child for Internet speculation, shot from $184 to $159 to--gads!--$210. With lightning speed the reversal was reversed, and what had been shaping up as a seismic shift in the market turned out to be just a sneeze...
...Jones Industrial10,007.33 +174.82 S&P 500 1,321.12 +27.40 NYSE 614.63 +9.64 Nasdaq 2,560.06 +66.69 AMEX...
...children. They didn't. At what point, after how many new fortunes, can we proclaim the old paradigm of stock risk and bond reward as dead as the utilities-as-ultimate-wealth-generator theory? Judging by the feisty performance of the creaky old Dow, not to mention the rockin' nasdaq, shouldn't we call the financial-risk coroner come the millennium...