 |
|
Front Page | |
World | |
UK | |
UK Politics | |
Business | |
Sci/Tech | |
Health | |
Education | |
Sport | |
Entertainment | |
Talking Point | |
| |
| |
| |
| On Air Feedback Low Graphics Help |
|
Wednesday, December 30, 1998 Published at 22:51 GMT
Business: The Markets
Wall Street market report
![[ image: ]](/olmedia/95000/images/_98167_usre150.gif) |
US stocks fell on Wednesday, ending an eight-day winning streak for the blue-chip Dow Jones index and the recent run-up in some of the market's hot cyberstocks.
"There seemed to be some last minute unwinding of positions before the end of the year," said Kenneth Ducey, director of trading at BT Brokerage.
The Dow shed 46.34 points, or 0.5% to closeat at 9,274.64. Among the bigger drops in the index were shares of Merck & Co., off 2-1/4 at 148-13/16.
Trading volume was moderate, with roughly 600 million shares changing hands.
The technology-heavy Nasdaq index dropped 14.83 points, or 0.68% to 2,166.94, with some of the sharper losses in the group coming from high-flying Internet companies that had racked up huge gains in recent days.
~RS~a~RS~international~RS~q~RS~~RS~z~RS~38~RS~)
|
Internet Links |
|
Nasdaq New York Stock Exchange |
|
The BBC is not responsible for the content of external internet sites. |
|
In this section London market data London market report Wall Street data Wall Street market report European market report Tokyo market report World Indices |