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XLSW News

As Dollar and Stocks Slump, Market Mavens Debate Fed's Move

It was a rough day for non-Internet stocks, but the Fed meeting next week is already drawing a lot of attention.

Wednesday, August 18, 1999

Stocks reach close on downward slide; Ashland says bid for Superfos still stands; Amazon.com sues Greek bookseller, also called Amazon; CBS buys 38% stake in jobs.com.

Major Indices Close Solidly Lower Despite Jump in Internet Sector

In late trading, the Nasdaq erased the gains it had posted all session.

midday08-18-99

Wall Street's Raucous Celebration Fades Into Uncertainty

The Net sector is partying on, but the broader market can't get much going after days of gains.

Breaking News

Bullish Tesla CEO Musk Pushes Case for Big 2023 Gains: Stock Soars

'If it's a smooth year ... without some big supply chain interruption or massive problem, [we] have the potential to do 2 million cars this year,' Musk says

IBM Stock Slides After Muted Q4 Earnings; 3,900 Job Cuts Planned

"For 2023, we again expect solid growth in our two most important measures of success: revenue and free cash flow," said CFO Jim Kavanaugh.

Southwest Airlines Flight Cancellation Chaos Hits Outlook

"I am deeply sorry for the impact to our employees and customers," said Southwest CEO Bob Jordan.

Comcast Ad Sales, Theme Parks, Payout Boost Offset Broadband Losses

"We achieved these results while continuing to invest in broadband, our 10G network evolution, Xfinity Mobile, Peacock, and theme parks, and we also took cost actions to further our growth in the future," said CEO Brian Roberts.