U.S to Block WorldCom-Sprint Deal; Nasdaq 4000 Could Herald Tech Gains - TheStreet

U.S to Block WorldCom-Sprint Deal; Nasdaq 4000 Could Herald Tech Gains

Publish date:

RealMoney.com's DAILY BULLETIN

June 21, 2000


Market Data as of Close, 6/20/00:

o Dow Jones Industrial Average: 10,448.95 down 108.89, -1.03%

o Nasdaq Composite Index: 4,003.98 up 14.15, 0.35%

o S&P 500: 1,474.64 down 11.36, -0.76%

o TSC Internet: 921.34 up 11.75, 1.29%

o Russell 2000: 524.90 up 2.11, 0.40%

o 30-Year Treasury: 104 29/32 down 2/32, yield 5.894%

Companies in Today's Bulletin:

Sprint (FON:NYSE)

WorldCom (WCOM:Nasdaq)

Chinadotcom (CHINA:Nasdaq)

Nokia (NOK:NYSE)

Microsoft (MSFT:Nasdaq)

Telecom: U.S. Preparing to Block WorldCom-Sprint Deal

Sources say the government is preparing an antitrust case.


Wrong! Tactics and Strategies: Rally Like It's 1999

With people expecting the Fed to hold, Cramer sees tech soaring while everything else languishes.


Asia/Pacific: Chinadotcom: On the Right Path but Moving Slowly

The China market will grow very slowly, but the cash-rich firm might have enough dough to wait it out.


Market Features: Nasdaq 4000's Return Heralds More Tech Gains -- if Conditions Improve

Technical analysts like what they've seen in the recovery since May, but breadth and volume remain poor.


Mutual Funds: Industry Group Nixes OpenFund's Push for More Frequent Disclosure

The maverick fund vows to take its campaign to individual investors for support.


Mutual Funds: The Secret Is out: Janus Strategic Value's Holdings Revealed!

The fund's biggest sector bets include diversified manufacturers and oil companies.


Stocks to Watch: Stocks to Watch Wednesday: Handspring IPO Priced; Oracle, Alliance Capital


Bond Focus: Treasuries Surrender Gains as Oil Rises

Also, Ford postpones a 30-year bond sales as rates rise for corporate borrowers.


TO VIEW TSC'S ECONOMIC DATABANK, SEE: http://www.thestreet.com/markets/databank/962091.html

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