Dow's fall seen as chance to `selectively buy'
Article Abstract:
The Dow Jones industrial average's decline is viewed as a chance to selectively buy. The Dow experienced its first close below 10,000 points since Apr 1999, dropping 231 points to 9,862 points recently. Andrew Brooks, head trader at T. Rowe Price suggested the best buys at present are banking, consumers product and utility firms, which are old-economy stocks that investors see as the most vulnerable to high interest rates.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Blue chips push higher; techs fall again
Article Abstract:
The Dow Jones industrial average climbed a solid 186.56 points to 10,560.10, cutting its loss to 8.2% in 2000, and leaving it 9.9% below its high. Meanwhile, the Nasdaq composite index dropped more than 73 points before trimming that loss to 29.54 points at 2615.75. The drop parked the Nasdaq down 35.7% for the year and 48.2% below its high. The Standard and Poor's 500 index rose 9.74 points to 1324.97 while the USA T ODAY Internet 100 index plummeted 2.76 points to 98.31.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Earnings warnings likely to continue
Article Abstract:
Stockmarket investors should brace for more earnings confessions that have led to the plummeting of stocks. Microsoft announced its first profit warning in 10 years and the situation is likely to get worse with the economy slowing and analysts profit estimates still on the high side. The Dow Jone industrials dropped 240 points to 10,435 on Dec 15, 2000. The Standard and Poor's 500 closed at its low for the year. The Nasdaq is only 55 points off its low of 2598 on Nov 30.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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