USA: Tech jitters touched off by Bay Networks - the latest to sound the profit disappointment siren - sent the markets down after the opening bell. The Dow, after two record closes, plunged 15 to begin the day but began to recover by midmorning, and was down 4.48 at 8745.51. The Nasdaq began the day on a down note but was rallying with a gain of 4.69 at 1783.99. Asia: Fear that Tokyo's stimulus package won't cut taxes far enough sent the Nikkei down 2.22 percent. Hong Kong's Hang Seng dropped 1.19 percent. Europe: Britain gained 0.84 percent while profit-taking caused a dip in France (0.77) and Germany (0.55 percent).
Market Watch
USA: Tech jitters touched off by Bay Networks - the latest to sound the profit disappointment siren - sent the markets down after the opening bell. The Dow, after two record closes, plunged 15 to begin the day but began to recover by midmorning, and was down 4.48 at 8745.51. The Nasdaq began the day on a down note but was rallying with a gain of 4.69 at 1783.99. Asia: Fear that Tokyo's stimulus package won't cut taxes far enough sent the Nikkei down 2.22 percent. Hong Kong's Hang Seng dropped 1.19 percent. Europe: Britain gained 0.84 percent while profit-taking caused a dip in France (0.77) and Germany (0.55 percent).
