Nasdaq's health hangs in balance

Article Abstract:

Nasdaq is holding on to its short-term health as the tech-heavy index rallied from a 128-point intraday loss to close down five points at 3356 on Oct 9, 2000. Wall Street analysts are not convinced that the battered Nasdaq has already hit bottom despite its drop by 21% since Sep 1. This would be tested on Oct 10 when Yahoo reports its earnings. Other companies that are scheduled to report their earnings for the week are telecom giant Motorola and biotechnology blue chip company Biogen.

Other Financial Vehicles, Stock Quotation Services

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Nasdaq puts together a 3-day rally

Article Abstract:

Investors hope that hte modest three-day string of gains on the Nasdaq is a sign that the battered index is on the rise. On Jan 11, 2001, the tech- rich index rose by 116 points, or 4.6%, to 2641. It is up 6.9% for the year and 15.2% since is low on Jan 2. Despite signs showing that the Federal Reserve may ease interest rates aggressively and investor sentiment is improving, many analysts still doubt whether the rally is sustainable given the fragile state of the US economy.

Securities and Commodity Exchanges, Securities Exchanges

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