'S&P effect' grows stronger
Article Abstract:
The so-called Standard and Poor's (S&P) 500-stock index is proving to be even more powerful in 2000. After the announcement that handheld computer maker Palm and fiber-optics company JDS Uniphase are being added to S&P, their stocks soared by 4% and 20%, respectively. Merrill Lynch approximates that $800 billion is benchmarked against the S&P 500, up from $675 billion in 1999. The growth is a major reason that the effect is more powerful in 2000.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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What happened to Nasdaq 5000?
Article Abstract:
The stock market is facing a most important test in years. The Nasdaq composite's value has declined by 20%. The index has plummeted by 17% for 2000 and 33% from its high in Mar 2000. The technology sector has lost its aura of invincibility and flagging investor confidence in its stocks has cast a pall over the entire market. A debate is raging over the future of the stock market and whether technology stocks will recover and regain their leadership.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Comment about this article or add new information about this topic: