SmartPortfolio.Com Announces Investment Opinion.WASHINGTON--(BUSINESS WIRE)--Sept. 28, 1999-- SmartPortfolio.Com Announces Market News: Markets Up After Choppy Trading The following is market news from SmartPortfolio.Com, Inc., located on the web at the newly redesigned site: http://www.smartportfolio.com Stock prices are reflective of September 27, 1999 at 5:00 PM, EST EST electroshock therapy. EST abbr. electroshock therapy . The Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. closed up 24.06 to 10303.39, the S&P 500 closed up 5.95 to 1283.31, and the Nasdaq closed up 21.34 to 2761.75. Markets recovered some of their substantial losses from last week, as prominent bull Abby Joseph Cohen Abby Joseph Cohen (CFA) (born 1952 in Queens, New York) is an American economist and financial analyst on Wall Street. She is a partner and chief U.S. investment strategist at Goldman Sachs. of Goldman Sachs again made positive statements that helped lead stocks to rally. Online brokerage firms were weak today. Shares of Charles Schwab (NYSE NYSE See: New York Stock Exchange :SCH) were off 1 1/2 to (-4.27%) to 33 5/8, Etrade (Nasdaq:EGRP EGRP E*Trade Group, Inc. (stock abbreviation, AMEX) ) shares were off 1/16 (-0.28%) to 22 3/8, and Ameritrade (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) shares were off 5/16 (-1.73%) to 17 3/4. Traditional financial stocks were also lower, with Merrill Lynch (NYSE:MER) down 2 3/8 (-3.45%) to 66 9/16, JP Morgan (NYSE:JPM) sliding 4 3/16 (-3.58%) to 112 13/16 and Chase Manhattan (NYSE:CMB) off 1 1/4 (-1.66%) to 74 1/8. For an extensive listing of Internet stocks and the latest Internet stock news, visit http://www.smartportfolio.com/net Computer giants Dell (Nasdaq:DELL) and IBM (NYSE:IBM) agreed to a major supplement to their existing $16 billion computer services deal. The stocks of the two computer companies were mixed today, with Dell closing up 3/8 (+0.86%) to 44 1/16 and IBM ending down 2 (-1.60%) to 123. Other leading computer companies were up, with Gateway (NYSE:GTW) up 1 7/16 (+3.30%) to 44 15/16 and Compaq (NYSE:CPQ) up 1/16 (+0.28%) to 22 7/16. This is an abbreviated version of the FREE SmartPortfolio.Com Update. To receive the full update, please visit http://www.smartportfolio.com and or send a blank e-mail to join-update@lists.sparklist.com. The company does not sell its subscriber lists and e-mail addresses are kept confidential. The company also offers premium services related to Internet stocks, IPOs, and stock splits. The following companies are mentioned in the free report: Excite@Home (Nasdaq:ATHM), Lucent (NYSE:LU), Qwest (Nasdaq:QWST), Ebay (Nasdaq:EBAY), IBM (NYSE:IBM), Broadcom Corp. (Nasdaq:BRCM), Cisco Systems (Nasdaq:CSCO), CMGI (Nasdaq:CMGI), Allstate (NYSE:ALL), National Data Corp. (Nadaq:NDC), Rambus (Nasdaq:RMBS), Intel (Nasdaq:INTC), Advanced Micro Devices (NYSE:AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ), Altera (Nasdaq:ALTR), Nike (NYSE:NKE), Amazon (Nasdaq:AMZN), America Online (NYSE:AOL), Yahoo (Nasdaq:YHOO), Apple Computer (Nasdaq:AAPL), Comcast Corp. (Nasdaq:CMCSK), Conoco Inc. (NYSE:COCa), UBid (Nasdaq:UBID) Harley-Davidson (NYSE:HDI), Level Three (Nasdaq:LLL LLL abbr. left lower lobe (of the lung) ), Allstate Corp. (NYSE:ALL), Rambus (Nasdaq:RMBS), 24/7 Media (Nasdaq:TFSM), Nortel Networks (NYSE:NT), Canadian National Rail (NYSE:CNI), Genro genro (gĕn`rō`) [ Jap.,=elder statesmen], a group that exercised collective leadership in Japan from the end of the Meiji period until c.1932. (Nasdaq:GRCI), Intuit (Nasdaq:INTU), Foundry Networks (Nasdaq:FDRY), Calico Commerce (Nasdaq:CLIC), Alteon Websystems (Nasdaq:ATON). To read about these companies and receive the free report, visit: http://www.smartportfolio.com/update |
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