The Night Watch: Traders Pay Homage to 1999's Favorites - TheStreet

The Night Watch: Traders Pay Homage to 1999's Favorites

The volume leader board is dominated, even more than usual, by the best known tech names.
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After-hours trading Thursday seemed a lot like old times, except of course for the badly degraded stock prices being sported by many of the most active issues on Instinet's volume leader board.

Tech favorites representing some of the most widely held U.S. corporations took over the late session. Normally, the big tech names are actively swapped after the close, but the latest alignment looked like so many days so long ago in 1999.

Oracle

(ORCL) - Get Report

was the volume leader, but the stock was flat at $8.55.

Sun Micro

(SUNW) - Get Report

was ticking up 0.2% to $6.46, and

Applied Materials

(AMAT) - Get Report

was down 0.3% to $22.80.

Intel

(INTC) - Get Report

was unchanged at $27.86, while

Dell

(DELL) - Get Report

,

JDS Uniphase

(JDSU)

and

Microsoft

(MSFT) - Get Report

, were inching higher.

Meanwhile,

WorldCom

(WCOM)

was falling 1% to $2.01, and

VeriSign

(VRSN) - Get Report

was up 1.1% to $8.50. The

Nasdaq 100 Unit Trust

(QQQ) - Get Report

was tacking on 0.1% to $30.54.

Among the big winners, merger partners

Avant

(AVNT)

and

Synopsys

(SNPS) - Get Report

were both trading higher. Avant was climbing 6% to $16.80, and Synopsys was better by 4.4% to $44.60.

Autodesk

(ADSK) - Get Report

was struggling, trading down 11% to $16.44.