ad info

 
CNN.comTranscripts
 
Editions | myCNN | Video | Audio | Headline News Brief | Feedback  

 

  Search
 
 

 

TOP STORIES

Bush signs order opening 'faith-based' charity office for business

Rescues continue 4 days after devastating India earthquake

DaimlerChrysler employees join rapidly swelling ranks of laid-off U.S. workers

Disney's GO.com is a goner

(MORE)

MARKETS
4:30pm ET, 4/16
144.70
8257.60
3.71
1394.72
10.90
879.91
 


WORLD

U.S.

POLITICS

LAW

TECHNOLOGY

ENTERTAINMENT

 
TRAVEL

ARTS & STYLE



(MORE HEADLINES)
 
CNN Websites
Networks image


Morning News

Investors Eye Nasdaq After Second-Largest Point Drop Yesterday

Aired April 11, 2000 - 9:08 a.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

BILL HEMMER, CNN ANCHOR: In news about your money, the markets will open in about 25 minutes time and investors will be watching to see if the tech stocks continue their tumble again today. Yesterday, the Nasdaq experienced its second-largest point drop ever.

CNNfn's Sasha Salama live from the Nasdaq marketsite there in Times Square with more on a precursor here.

It could get ugly again today, hey Sasha?

SASHA SALAMA, CNN CORRESPONDENT: It could, Bill. I wish I had better news for the bulls out there, but at this point in the morning, Nasdaq 100 futures, which we look for -- look toward for an indication of how the market will open, they have turned sharply lower in just the last half hour or so. So if that holds for the next 20 minutes, as you said, till the market opens, we could see some more declines following that bruising sell-off yesterday.

One potential bright spot, though, some analysts said that the volume, which was quite light yesterday, could pick up and could balance things out here a bit. So we'll be watching that.

Also, keep an eye on shares of Biogen, BGEN, the biotech giant that is, perhaps, best known for its multiple sclerosis drug Avonex. Shares, as you can see over my shoulder, are down 13 percent in the pre-market. That's because the company came out after the close yesterday with earning of 41 cents a share. But the expectations game again: That was 2 cents shy of what Wall Street had expected. So the stock is taking a big hit in the pre-market.

Bill, back to you.

HEMMER: Sasha, thank you. We'll be in touch.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com

 Search   


Back to the top  © 2001 Cable News Network. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.