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Closing Market Report

Star-Bulletin news services

Wednesday, August 9, 2000

Dow falls 71.06;
Nasdaq rises 5


Associated Press

NEW YORK -- Stocks prices were mostly lower today but a solid earnings report from widely-held bellwether Cisco Systems after yesterday's market close gave a lift to technology stocks. Investors sold blue-chip shares with the Dow Jones industrial average closing down 71.06 at 10,905.83.

The Nasdaq composite index rose 4.95 at 3,853.50, after rising more than 70 points early in the session. The Standard & Poor's 500 index was down 9.94 at 1,472.87. The Russell 2000 index was down 1.22 at 507.50. Advancers beat decliners with 1,440 up, 1,400 down and 492 unchanged on the New York Stock Exchange. Volume was 1.06 billion shares, up from 992 million yesterday. The 10-year Treasury note price rose 1/32, or 31 cents per $1,000 face amount, as its yield fell 1 basis point to 5.91 percent. The 30-year bond rose 2/32 point. Its yield held at 5.73 percent. Cisco's revenues rose 61 percent as the networking giant beat forecasts by a penny.


To our readers

Starting today, stock quotes in the NYSE, Nasdaq and Amex tables in Hawaii Inc. will be rendered in decimals rather than fractions. We also have added 200 stocks to our daily Nasdaq list. To comment on the changes, please call Business Editor Ed Lynch at 525-8635 or email business@starbulletin.com.




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