Markets shot skyward on good inflation news, but then turned down. In midafternoon trading, the Dow, after rising more than 50 points in the first hour, was down 43, to 8015; the Nasdaq was down 8, to 1716. Remarkable performances: Both Compaq ($.71 a share) and Digital Equipment Corp. ($.11 a share) beat analysts' estimates, yet both were down sharply. Most active: Acquisition target MCI, up $1.50 to $38.375 on trading of 24 million shares.
Markets Down
Markets shot skyward on good inflation news, but then turned down. In midafternoon trading, the Dow, after rising more than 50 points in the first hour, was down 43, to 8015; the Nasdaq was down 8, to 1716. Remarkable performances: Both Compaq ($.71 a share) and Digital Equipment Corp. ($.11 a share) beat analysts' estimates, yet both were down sharply. Most active: Acquisition target MCI, up $1.50 to $38.375 on trading of 24 million shares.
