Traders Take Profits On Low-Volume Day

Tue., May 9, 2000

From Staff

Stocks drifted to a mixed finish in the quietest session of the year Monday as investors worried about interest rates and took profits from a modest rally on Friday. Technology stocks fell.

The Nasdaq composite index fell 147.44 to close at 3,669.38 and the Dow Jones industrial average rose 25.77 to close at 10,603.63.

Broader stock indicators were mostly lower. The Standard & Poor’s 500 fell 8.46 to 1,424.17.

Traders said the most significant action in the market came from investors selling stocks to capture short-term gains from a solid rally Friday, when the Dow rose 165 points and the Nasdaq rose 96.

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Traders Take Profits On Low-Volume Day

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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