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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."

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