AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
The Big Picture.(A)(The Big Picture)
THE BIG PICTURE
Alan Greenspan confirmed Wednesday what the market suspected Tuesday: Forget about an early interest rate cut before the Fed's March 20 meeting.
While answering questions before a House committee, the Fed chairman said the central bank prefers to act at scheduled meetings. Stocks, which had already begun to weaken, sold off in earnest as Greenspan's comments crossed the wires.
As usual, the Nasdaq took the hardest hit. The inde
x, dominated by large technology stocks, dropped as much as 3.6%. That undercutFriday's low 1 and killed any lingering hopes for the Nasdaq's latest rally attempt.
By the end of the day, the index lost 2.5%. Volume surged back above 2 billion shares, a second straight day of distribution 2.
Distribution, or professional selling, occurs when a major index like the Nasdaq, Dow industrials and S&P 500 closes down in heavier volume than the day before. String four or five days of distribution over a few weeks and the market is usually in real trouble.
- Nasdaq's Big Picture Angers Small European Brokers.
- News wire article from: Sunday Business (London) October 1, 2000 700+ words
Byline: Britt Tunick Oct. 1--Nasdaq is poised to take over the world -- or...between the LSE and the Deutsche Brse -- Nasdaq finds itself hunting for a new means of...since Frank Zarb, the chief executive of Nasdaq, spent the end of September dashing between...
- Nasdaq Takes Out July Low, Returns To Sept. '96 Level.(GENERAL MARKET &...
- Magazine article from: Investor's Business Daily September 24, 2002 700+ words
...was 1996 all over again Monday as the Nasdaq slid to six-year lows. Bad news hit...four to six years. In the U.S., the Nasdaq led the rush for the exits. The tech...1177. That was the lowest level for the Nasdaq since September 1996 as it cowered 77...
- S&P 500 Up But Nasdaq, Small Caps Lag.(A)(THE BIG PICTURE)
- Magazine article from: Investor's Business Daily March 6, 2003 700+ words
...billion shares, trading still came in just below average. The Nasdaq climbed 0.5%, also in higher volume. But the tech-dominated...than up volume, another sign there was no breadth behind the Nasdaq's gain. Small-cap stocks didn't have any dominant names...
- Stocks Hit New Highs, Close Off Best Levels On Eve Of 1-Year Bull; Economic...
- Magazine article from: Investor's Business Daily October 10, 2003 700+ words
Byline: DAVID SAITO-CHUNG The Nasdaq rallied Thursday, a day ahead of the...particularly specialty chains. The Nasdaq jumped 1.2% at the open and was up...selling chipped away at the gains, and the Nasdaq ended up just under 1%. The S&...
- U.S. Market Sells Off After Israeli Airstrike Kills Hamas Founder; Terror Fears...
- Magazine article from: Investor's Business Daily March 23, 2004 700+ words
...possible explosion near Jerusalem. The Nasdaq slumped as much as 2.2% as the tech...market's correction, fell 1.8%. The Nasdaq finished a couple steps behind, dropping...ground in U.S. financial markets. The Nasdaq has been wrestling with a correction since...
- Market Resumes Rally, With The Techs Fueling Nasdaq Surge Of 3.4%; So Much For...
- Magazine article from: Investor's Business Daily Gessel, Chris July 8, 2003 700+ words
...resurgent tech stocks led another broad rally on Monday. The Nasdaq broke above a one-month trading range and barreled ahead 3...index surged 7.2%. Big techs also played a big part as the Nasdaq 100 climbed 4.1%. Broader indexes fared well, too. The...
- Stocks Follow Through With A Broad Advance In 6th Day Of Rally Try; Nasdaq Up...
- Magazine article from: Investor's Business Daily May 26, 2004 700+ words
...the final 80 minutes of trading. The Nasdaq went from a borderline follow-through...combination came on the sixth day of the Nasdaq's attempted rally, right in the sweet...index to confirm an attempted rally. The Nasdaq met that objective. As noted recently...
- Larry Geisel and Dr. Sam Smith Join Big Picture Board of Advisors.
- Press release article from: PR Newswire April 7, 2000 700+ words
...and 3Com Corporation (Nasdaq: COMS), both of which...said Michael Anthony, Big Picture President & CEO...which he helped lead to Nasdaq - and his direct experience...will prove invaluable to Big Picture." At the same time...
- The Big Picture Helps These IBD Subscribers Focus On Buying And Selling Crucial...
- Magazine article from: Investor's Business Daily November 28, 2001 700+ words
...Kothapa says reading The Big Picture early lets him get a...Harvard University. The Big Picture is IBD's daily market...Does heavy buying on the Nasdaq mean the start of a new...several uses for The Big Picture: It has kept him focused...
- Big Picture Technologies Inc. and WebAssured "the dot.confidence company" Form...
- Press release article from: PR Newswire October 5, 2000 700+ words
...through new channels." Big Picture's store-building software...IM), Dell Gigabuys. (Nasdaq: DELL), CompUSA, Amazon.com (Nasdaq: AMZN), and Best Buy...stated Michael Anthony, Big Picture Technologies President and...