Word: nasdaq
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...every Dell and Cisco, these days, there is a Sun and an AMD, issuing glum earnings outlooks and quietly smothering the newborn tech optimism in its cradle. And the NASDAQ that had posted decent gains Thursday on the it's-gonna-be-OK news from America's bellwether PC producer and router-maker quickly crumbled, shedding its gains dolefully into Friday afternoon. Taken together with job cuts soaring to ten-year highs last month (and that's just the barest taste of the post-disaster economy - the hold at 4.9 percent unemployment for September is the ultimate in lagging indicators...
...gotten to nearly 9200 since Monday's sub-8800 lows, and was up 14 percent since the low, low bottom set at the end of that awful first week of post-attack trading. Not bad, considering the war hadn't yet started and the economic news was unimproved. The NASDAQ had begun to consider the possibility that blue-chip techs had an excellent chance of bouncing back before too long, and despite the "still historically overpriced" tag that hangs on that sector, perceived bargains were starting to leave the shelves...
...wait is almost over. And Michael Jackson is ready to prove the naysayers wrong. The boy in the man is back in the spotlight, with increasingly unconventional promotional events. On his 43rd birthday, Jackson was on hand to open NASDAQ trading. Jackson’s surprise appearance at the 2001 VMAs drew wild applause, and his recent tribute concerts in Madison Square Garden featured an array of celebrities and the much-hyped reunion of the Jackson Five (although his sister Janet, currently on tour, was notably absent). MTV has been airing Jackson’s past hits, while...
...ripples claimed Boeing, which despite an expected boost for its defense business said that the expected commercial-jet slowdown manufacturing would cause it to lay off 30,000 of its workers. And when it became apparent that institutional investors - the big money - was leading the stampede that pushed the NASDAQ below another long-ago low of1500, the mood started to look a lot like panic in the face of immeasurable uncertainty...
...thing happened: It caught on. The market bellwethers exploded, the losers stormed back, and what had been a troublingly indiscriminate selloff - and a plumbing of index levels not seen in three years - became a fast-building, last-minute comeback that left the Dow down only 144 points and the NASDAQ off by only...