Wall Street Still Has Tech Jitters

Thu., April 6, 2000

From Staff

Technology stocks suffered another bout of volatility Wednesday, giving up an advance to finish with slender gains. Apparently, the nervousness that sent Wall Street into a tailspin on Tuesday lingers.

Investors were torn between hunting for bargains and waiting for the dust to settle after Tuesday’s head-spinning session. Ultimately, the largest, best-known technology names held their gains. Profit-taking continued in both the technology sector and the blue-chip Dow Jones industrials.

“It’s not behaving nearly as dramatically as yesterday, but this is still a wild market,” said Larry Lawler, manager of equity trading at Dreyfus Corp. in New York.

The Nasdaq composite index rose 20.33 to 4,169.22. During the regular trading day, the index fell as much as 139.80 and rose as much as 133.40.

The Dow Jones industrial average dropped 130.92 to close at 11,033.92 after giving up an early gain. The Standard & Poor’s 500 index fell 7.36 to 1,487.37.

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Wall Street Still Has Tech Jitters

Jesse Tinsley

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