The Ticker A Look Back At The Past Week On Wall Street

Sat., March 21, 1998

What’s hot

The market got spring fever, with the Dow Jones closing at a record 8,906. Baseball, a rite of spring, helped propel Cablevision shares up $8 to $120.25 Thursday on the American Exchange. Talk was that the company, which owns basketball and hockey teams in New York, might buy the New York Yankees. Owner George Steinbrenner denied the report, and Cablevision shares dropped $2.75 Friday to close at $117.50. You could bank on a rise in H.F. Ahmanson & Co. shares after Washington Mutual announced purchase plans. Ahmanson stock jumped $12.375 to $77.875 Tuesday on the New York Stock Exchange, and closed Friday at $78.75.

What’s not

Cannondale shares dropped $4.06 to $16.75 Thursday on the Nasdaq as the high-performance bike maker said it expected disappointing third-quarter earnings. Cannondale closed Friday at $16.31. After market mover Warren Buffet confirmed he has sold several hundred million dollars worth of the stock, McDonald’s shares fell $1.625 Monday to $53 (NYSE). The fast-food chain shares closed Friday at $51.50. Sunbeam Corp. shares slipped $4.69 to $45.375 Thursday (NYSE) as the home appliance maker said first-quarter sales may fall below Wall Street estimates. The stock closed Friday at $46.

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