Word: nasdaq
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...feeling rosy about the interest-rate picture after Friday's soft-landing-esque GDP number (and 200-point attendant rally), and finding that the Old Economy giants may have some rallying in them in this uncertain fall season, investors goosed the Dow up 244 points Monday while pushing the NASDAQ down 86. This may be what the Treasury-bill folks call a "flight to quality...
...bargain. The index closed Monday at 10,835, and for the near term could be on its way up. Sure, oil prices loom, the euro drags, the Middle East smolders, and the word "stagflation" is on at least a few lips, but for now that's troubling the NASDAQ far more - over there they're worried about the damming effect an economic slowdown will have on the river of cash that made the techs what they were...
...this NASDAQ tech talk about bottoms, sectors and valuation bubbles hasn't meant much to Dow investors lately, who have tended to save their big reactions for top-of-the-fold items that, say, a Fed chairman might worry about...
...Largely spared by the violent sell-offs of the past few months, fiber optics - which tends to overlap with networking companies like Cisco and Juniper Networks - was considered by NASDAQ types to be "one of the last bastions of strength in the market," in the words of one analyst. Not any more...
...midday Thursday, the sellers weren't done yet. Juniper Networks, one of the high-flying bellwethers of the sector (which has lately been a sometime bellwether for the rest of NASDAQ), dipped below $200 during Wednesday's bloodbath and kept on going, hitting $170 at noon Thursday. Corning (more than oven-safe dishes, folks!) is below $70 and off more than 30 percent on the week. Cisco is back down in the very low fifties...