RealMoney.com's DAILY BULLETIN
June 27, 2000
Market Data as of Close, 6/26/00:
o Dow Jones Industrial Average: 10,537.34 up 132.59, 1.27%
o Nasdaq Composite Index: 3,888.23 up 42.89, 1.12%
o S&P 500: 1,452.98 up 11.50, 0.80%
o TSC Internet: 813.90 down 23.96, -2.86%
o Russell 2000: 511.97 up 1.56, 0.31%
o 30-Year Treasury: 103 23/32 up 25/32, yield 5.983%
Companies in Today's Bulletin:
Philip Morris (MO:NYSE)
First Union (FTU:NYSE)
Pulse of the New Economy: Pulse: Traditional Net Plays Pounded, and So Is Inktomi
Bond Focus: Bonds Bounce as Traders Sense the Lows of a Trading Range
The 30-year bond's yield is back below 6%.To view the TSC Economic Databank, see: http://www.thestreet.com/markets/databank/973222.html
Banking: Has First Union Found Religion?
The bank has to convince investors that yet another restructuring plan will finally change it for the better.
Biotech/Pharmaceuticals: Human Genome: We Have the Map, So Where's the Treasure?
Investors need to realize the distance between knowing a gene and the ability to create a working drug.
Biotech/Pharmaceuticals: Celera Genomics Falls Despite Completion of Sequence
The announcement marks the end of a decade-long process.
Economic News: Sales of Existing Homes Rise an Unexpected 4.3%
The increase runs counter to recent arguments that the housing market is slowing.
Wrong! Rear Echelon Revelations: A Fool for Amazon
Defenses of the online retailer ring hollow in the trader's ears.
Stocks to Watch: Stocks to Watch Tuesday: Ariba, Qwest, Stratos Lightwave, Boeing
COMING SOON: At 5 p.m. EDT on June 29, you can chat directly with James J. Cramer -- hedge fund manager and co-founder of TheStreet.com. Ask your questions, make your points, or, if you prefer, sit back and soak it all in!
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