The Night Watch: WorldCom Reclaims a Few Pennies
A handful of
Dow components made their way onto Instinet's list of most active stocks after hours Monday, but tech shares still held their own, with
WorldCom
(WCOM)
leading all issues in terms of volume.
Shares of the long-distance phone service provider were ticking up 0.5% to $8.17 in extra trading. WorldCom dropped 15.4% in the regular session.
Tyco
(TYC)
was slipping 0.5% to $29.74. The conglomerate slid 16.1% in regular action after reports on
RealMoney.com
and then
The Wall Street Journal
pointed out that the company had made billions of dollars of acquisitions during the last three years without detailing the deals in press releases.
Late in the session, Standard & Poor's cut several ratings for Tyco and its Tyco Capital finance arm. S&P said it might change the ratings again, but the firm said Tyco has offered satisfactory answers to questions about its accounting practices.
Among other active issues,
American Home Products
TheStreet Recommends
(AHP)
was unchanged at $63.40. The
S&P 500 Depositary Receipts
(SPY) - Get S&P 500 ETF TRUST ETF Report
were flat at $109.82.
Cisco
(CSCO) - Get Cisco Systems Inc. Report
was up 0.4% to $18.38, and the
Nasdaq 100 Tracking Stock
(QQQ) - Get PowerShares QQQ Trust Ser 1 Report
was level at $36.92.
Sun Micro
(SUNW) - Get Sunworks Inc. Report
was off 0.2% to $10.38.
Microsoft
(MSFT) - Get Microsoft Corporation Report
and
Oracle
(ORCL) - Get Oracle Corporation Report
were fractionally higher.
United Technologies
(UTX) - Get n.a. Report
and
Procter & Gamble
(PG) - Get Procter & Gamble Company (The) Report
, both members of the Dow Jones Industrial Average, were among the top-20 volume movers after the close, but both stocks were unchanged from their 4 p.m. EST closing levels.
