Paul Shread

Stocks climbed back from a steep drop on Thursday, only to get clobbered by a Salomon Smith Barney downgrade to Compaq. Stocks sold off in the morning on concern about possible future Fed rate hikes, then climbed back to even before the Compaq news hit. The Nasdaq finished down 63 to 3877, the S&P 500 […]

Traders sold on the news Thursday morning, sending stocks lower a day after the Federal Reserve voted to leave overnight interest rates unchanged while maintaining its tightening bias. Traders were already fretting about the Fed’s next meeting in August. The ISDEX lost 8 to 722, while the Nasdaq fell 75 to 3864. The Dow dropped […]

Stocks initially rallied but then drifted lower after the Federal Reserve voted to leave rates unchanged. The Fed said it sees signs that the economy is slowing, but nonetheless maintained its tightening bias. The ISDEX gained 15 to 730. The Nasdaq rose 81 to 3940, the Dow added 23 to 10,527, and the S&P 500 […]

Stocks rose Wednesday morning ahead of the Federal Reserve’s announcement on interest rates, expected to be released at 2:15 p.m. The ISDEX gained 15 to 730. The Nasdaq rose 76 to 3935, the Dow added 40 to 10,545, and the S&P 500 tacked on 6 to 1456. Volume was ahead of Tuesday’s pace, with 460 […]

Internet stocks rose on Tuesday as leading issues rebounded from recent woes. But the broader market finished at the lows of the day, ahead of the Federal Reserve’s decision on interest rates. The ISDEX rose 4 to 715. But the Nasdaq fell 53 to 3858, the Dow declined 38 to 10,504, and the S&P 500 […]

Internet shares gained on merger news Tuesday morning, while the broader market treaded water at the start of a two-day Federal Reserve meeting. The ISDEX rose 7 to 719, while the Nasdaq declined 16 to 3895. The Dow gained 43 to 10,586, and the S&P 500 added 1 to 1456. Volume declined slightly, to 380 […]

Internet stocks rose Monday morning, but Inktomi became the latest high-profile Internet stock to suffer a big drop. The ISDEX gained 2 to 709, and the Nasdaq gained 35 to 3880, briefly trading above 3900. The Dow rose 124 to 10,528 and the S&P climbed 11 to 1453. Volume rose slightly on the NYSE to […]

Caustic comments by a Lehman Brothers bond analyst sent shares of Amazon.com and other Internet leaders lower on Friday. The ISDEX fell 37 to 707, just above support at 700, and the Nasdaq dropped 91 to 3845, back below its recent breakout point. The Dow gained 28 to 10,404 and the S&P 500 fell 10 […]

Internet leaders sold off on Friday on concerns about Amazon.com’s earnings and cash burn rate. The ISDEX fell 24 to 720 and the Nasdaq declined 41 to 3895. The Dow rose 73 to 10,449 and the S&P 500 was unchanged at 1452. Decliners led 13 to 12 on the NYSE, where volume declined to 390 […]

Stocks fell broadly on Thursday, in the process taking out key support on the Dow, Nasdaq and S&P 500. The ISDEX fell 31 to 744 and the Nasdaq dropped 127 to 3936, back below the 4000 level, finishing at the lows of the day. The Dow fell 121 to 10,376, in the process falling below […]

Stocks fell across the board Thursday morning. Shares of Yahoo! continued to weaken amid Internet advertising concerns. The ISDEX fell 9 to 768 and the Nasdaq declined 36 to 4027. The Dow fell 60 to 10,436 after testing important support at 10,382, and the S&P 500 was off 16 to 1462. Volume was in line […]

Stocks rose Wednesday on strength in Microsoft, but Internet shares rested after a strong recent run-up. The ISDEX closed down 1 to 776. The Nasdaq gained 50 to 4063, the S&P 500 gained 3 to 1478 and the Dow gained 62 to 10,497 after testing 10,400. Volume declined slightly, to 1 billion shares on the […]