US EQUITIES FUTURES REVIEW: NASDAQ AGAIN LEADS DOWNDRAFT
By Kristina Zurla, BridgeNews Chicago--May 10--Stock index futures remained in a
bearish pattern as skittishness in the technology sector again led to more
widespread selling. Both Jun S&P; 500 and Nasdaq futures fell their first
downside limits and closed down 2.3% and 5.8%, respectively.
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GERMAN STOCKS REVIEW: DAX DOWN 2.2% ON BACK OF WEAK TECH STKS
A weak performance by technology stocks and
profit-taking dragged German blue chips lower Wednesday. Early Nasdaq losses in
New York added further pressure, with Epcos and SAP falling most. In thin
trading volumes, the DAX-30 closed down 2.2%, or 159.68 points, at 7120.86 in
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US CREDIT REVIEW: UP ON STOCK FALL; MORE UPSIDE SEEN FOR BONDS
The Nasdaq's
third down day in a row sent Treasury prices higher Wednesday, as bonds reverted
to taking their cues from stocks. It was the Treasury market's second day of
gains, and traders took that as a sign Treasuries are ready to head higher after
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FRANCE STOCKS REVIEW: CAC RETREATS ON NEW ECONOMY, TELECOMS
France's CAC-40 index, in line
with most European stock markets, ended Wednesday's session in the red, as the
Nasdaq and the Dow's opening plunge contributed to pull stocks down. While
financial sector shares benefited from positive corporate news, new economy
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HONG KONG STOCKS FALL 1.92 PERCENT
Hong Kong stocks closed lower Wednesday in thin
trade, as the decline of the telecom stocks pushed down the benchmark index.
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US EQUITIES REVIEW: NASDAQ DIVES 5% ON VALUATION, RATE WORRIES
--DJIA down 168; Nasdaq down 199; S&P; 500 down 29 --Retail up; techs plunge By
Rebecca Byrne, BridgeNews New York--May 10--The Nasdaq Composite index plunged
5% Wednesday as investors dumped stocks amid concerns about rising interest
rates and lofty valuations in the tech sector. The Dow industrials also tumbled
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