Stocks Extend Tuesday's Losses
Stocks were weaker in the early going after yesterday's whopping selloff.
Meanwhile,
Abby Joseph Cohen
of
Goldman Sachs
revised her year-end
S&P 500
price target to 1325 from 1275 to 1300 and her
Dow Jones Industrial Average
target to 10,300 from 9850.
The situation in Kosovo is also on the market's mind.
The Dow was down 14 to 9658. The S&P 500 was down 2 to 1260. The
Nasdaq Composite Index
was down 15 to 2307. The
Russell 2000
was down fractionally to 383.
TheStreet.com Internet Sector
index was down 14 to 583.
TheStreet.com E-Commerce Index
was down 3 to 106.
The 30-year Treasury bond was up 12/32 to 95 30/32, yielding 5.53%.
Most Up at Open -- NYSE
IBM (IBM) - Get Report, up 2 5/8 to 168
: IBM and corporate data storage equipment supplier
EMC
(EMC)
set a five-year strategic alliance valued at $3 billion.
Most Up at Open -- Nasdaq
uBid (UBID) , up 3 1/2 to 75
.
Most Down at Open -- NYSE
America Online (AOL) , down 2 to 119
.
Most Down at Open -- Nasdaq
RealNetworks (RNWK) - Get Report, down 3 5/16 to 114 11/16
.