Word: nasdaq
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...some things are worth knowing. The tech-laden NASDAQ index is up 50% this year. That's right, 50%, and it's not all that unusual. In successive years since the last recession (1991), the NASDAQ has risen 56.8%, 15.5%, 14.7%, fallen 3.2%, risen 39.9%, 22.7%, 21.6% and 39.6%. It has beaten the Standard & Poor's 500 six of the past nine years (including this...
...will pay such prices? Some Wall Street millionaires, among others. But the bidders will also include a handful of billionaires from Silicon Valley, where wine collecting has become a passion. One night in New York City recently, two NASDAQ princes sitting at adjacent dinner tables ran up four-figure wine tabs. Both said they were just warming...
...came quickly indeed. Investors spotted the doubling of the PPI on Friday morning and sold stocks like so many hot potatoes. The Dow shed over 200 points in oh, the first 15 minutesof trading after the bell, with the NASDAQ following suit. But an hour later, the sell-off had screeched to a halt. Despite Greenspan's hint, says Baumohl, investors had overreacted again. "That producer-price number is probably more of a spike than a trend. Oil prices have probably peaked, and gains in productivity will probably help companies absorb this increase rather than passing it on to consumers...
...companies are throwing their weight around again, traders don?t even have time to worry about the Fed (meeting tomorrow. The smart money?s on no rate hike). Sprint shares were hopping Monday on the news of a duel for the maiden?s hand, and the Dow and NASDAQ alike were following suit. At least some folks still know the value of a wheelbarrow-ful of the green stuff...
...will hike rates at its board meeting October 5. The uppercut? Microsoft prez Steve Ballmer?s must-have-had-a-few-too-many comments to a roomful of tech reporters about how tech stocks - even his - are way overvalued. Investors fell all over themselves to drop the Nasdaq 108 points, with the Dow in hot pursuit. With the sell-off still chugging along on Friday, are we in for a cruel, cruel Indian summer...