newsbytes@clarinet.com (02/04/90)
NEW YORK, NEW YORK, USA, 1990 FEB 01 (NB) -- Stocks across the whole industry are in the doldrums except those lucky enough to be in market niches. This ongoing situation seems to be the result of a general market slow down which has caused the OTC index to fall by more than 8 per cent over the month of January. By comparison, blue chip stocks fell by 2.3 per cent over the same period. Among the most active stocks, MCI Communications moved up $1 to end the day $33.5. Microsoft, meanwhile, is well on the way to a $100 a share price point and a possible stock split. The company's shares gained $1.25 to $93.75. Intel fell 50 cents to $39. Seagate moved up by 75 cents to end the day on $17, whilst Apple slid by 37.5 cents ending Thursday at $33.675. On the American Exchange, Amdahl moved up 25 cents to end at $16 in active trading with more than 390,000 shares changing hands. On the big board, the Dow Jones Industrial Average fell 4.28 points stabilizing at 2586.26. Advances led declines slightly by a ratio of 882 to 641. Amongst the many active stocks, AT&T were off 37.5 cents to $38.375, whilst IBM lost almost a dollar to close at $97.75. Compaq enjoyed earnings expectations, gaining $2.875 to finish the day at $78.675. (Peter Vekinis/19900203)