Real Money.com's WEEKEND BULLETIN
July 1, 2000
Market Data as of Close, 6/30/00:
o Dow Jones Industrial Average: 10,447.89 up 49.85, 0.48%
o Nasdaq Composite Index: 3,966.11 up 88.88, 2.29%
o S&P 500: 1,454.60 up 12.21, 0.85%
o TSC Internet: 841.84 up 8.68, 1.04%
o Russell 2000: 517.23 up 4.65, 0.91%
o 30-Year Treasury: 104 30/32 down 9/32, yield 5.881%
For the week, the Dow lifted 0.4%, the Nasdaq Composite gained 3.1%, the S&P 500 bounced 0.9% and the Russell 2000 rose 1.3%. The Dow Jones transports fell 1.4%, the Dow Jones Utility Average edged down 5.3% and the American Stock Exchange Composite Index slid 0.3%. TheStreet.com Internet Sector index inched up 0.5% in the latest week.
Companies in Today's Bulletin:
Ericsson (ERICY:Nasdaq ADR)
Nokia (NOK:NYSE ADR)
Hardware & PCs: Compaq Squares Off Against Analyst Over Report of Rising Inventories
In the debate about the diverging assessments, some see a looming price war in low-end PCs.
Smarter Money: Smarter Money: Fun With Funds
The trader introduces a new column in which he'll examine and judge a new fund every Friday.
Stocks to Watch: Stocks to Watch Monday: Lockheed Martin, SBC Communications, Bell Atlantic
Bond Focus: Treasuries End Mixed as Trading Ranges Hold
Economic data were mixed, and the calendar was the reason for much of the trading.
TO VIEW TSC'S ECONOMIC DATABANK, SEE: http://www.thestreet.com/markets/databank/973222.html
Telecom: Are Pagers the Next Wireless Data Play?
Metrocall's bid for PageNet shows that the messaging business is poised for a comeback.
Asia/Pacific: Japan Could Teeter as It Tiptoes Into Recovery
If the central bank continues to squeeze corporations, it could choke the economy.
Europe: Costs of Mobile-Phone Licenses Could Disconnect the Industry
Uncertainty over the pace of consolidation is also worrisome.
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