carefully our disclaimer before using this message board !You are viewing a page out of the ShareExpress2000 web site
(c) Click2.com Pty Ltd Australia
| Post Reply | Read Follow Ups |
Main Index | Download ShareExpress Portfolio Manager |
Message subject : Market Preview for next week
This message was posted by Kit on June 02, 2000 :
NASDAQ, Dow Surge Ahead
Signs of a cooling economy put a sizzle in both the NASDAQ and Dow on
Friday. The NASDAQ surged 6.4%, buoyed by a 12% gain by JDS Uniphase
[JDSU]. The Dow rose 1.3% on a 7.5% jump by Home Depot [HD].
Market Preview For Next Week
Investors will be looking to Friday's release of the May Producer Price
Index for further confirmation of an economic slowdown and, thus, a
possible end to the Fed rate hikes for the year.
A final ruling in the Microsoft [MSFT] case is expected next week.
Microsoft shares might rally following the announcement. Its largest
competitors, such as Oracle [ORCL] and Red Hat [RHAT], could also receive a
Word On The Street
"There is no question that at this point the early increase in interest
rates are beginning to bite," says Michael Holland, chairman of Holland &
Co. "If they stop increasing interest rates at this point, at the 6.5%
level, my guess is we do have a soft landing and we probably have higher
prices in stocks, as well as an economy that has slowed down but then will
resume growth later in the year."
Warning: at times comments aimed at manipulating other investors may appear on these
message boards. Posters may post overly optimistic or pessimistic comments on particular
stocks, in an attempt to influence other investors. While every effort is made by the moderators
to remove these, some may still appear on these boards. Unless specifically stated persons posting
on this site are NOT investment advisors and do NOT hold the necessary licence, or have any
formal training, to give investment advice.
Before acting on any of the information you read and making any financial or investment
decisions, you should always consult your advisor(s) or other relevant professional
Post a Followup