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Monday's Market: Stocks Slide Further Amid High Apathy, Low Volume

 

Computer error can be held up as the instrument that soured investors on the stock market Friday; today it was that more insidious of villains -- apathy.

Volume was spare and buying interest was light for the bulk of today's trading session. Investors latched onto profit warnings from a couple of second-tier technology companies and took down stocks on a day when nobody much wanted to get in on the action. Expected earnings warnings should tussle with investors' faith in a second-half recovery to keep stocks going nowhere for a good long while.

Major Indices
INDEX CHANGE % VALUE
Dow 54.91 -0.50% 10,922.09
S&P 500 10.58 -0.84% 1254.38
Nasdaq 44.32 -2% 2170.78
Russell 2000 4.71 -0.92% 506.93
TSC Internet 10.5 -4.04% 249.71
NOTE CHANGE PRICE YIELD
10-Year Treasury 18/32 97 26/32 5.289%
Market data as of: 4:36 PM ET, Jun 11 2001

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