塀で囲む Street: Tuesday の近くに

By Graeme Beaton
Updated: 00:00 BST, 22 January 2002

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A 警告 that a tech '泡' might be about to burst sent 投資家s on another selling spree.

An 早期に 決起大会／結集させる evaporated as 投資家s returned from the three-day 週末 栄誉（を受ける）ing civil 権利s leader ツバメ Luther King Jr. The Dow Jones 産業の 普通の／平均（する）, which lost 2.2% last week, 降伏するd another 58.05 po ints or 0.59% to 9,713.80. The Nasdaq 索引, 負かす／撃墜する 4.6% in the last five 開会／開廷／会期s, 宙返り／暴落するd 47.81 points or 2.48% to 1,882.54, a two-month low.

Helping stoke the sell-off was a 研究 公式文書，認める from Richard Bernstein, 長，指導者 US strategist at 仲買人 Merrill Lynch, 示唆するing that 投資家s 捨てる tech 株 in 好意 of 製薬のs. 'The 科学（工学）技術 部門 is selling at the highest 親族 price-to-収入s 割合 in the history of our data, while the 麻薬 産業 is selling at one of its lowest,' he wrote. '科学（工学）技術 在庫／株s 意味ありげに outperformed 麻薬 在庫／株s during the fourth ４半期/4分の1 and tech valuations, never terribly 保守的な to begin with, are now 明確に stretched to 泡-like levels.'

Twin tech 巨人s Intel and Microsoft led the sell-off, with Intel 低迷ing $1.78 or 5.3% to $31.70 and Microsoft dropping $1.64 or 2.5% to $64.46. Sun Microsystems, which makes 網状組織ing computers, was の中で the hardest 攻撃する，衝突する, 急落するing $1.16 or 9.6% to $10.96.

News in the broader market was mixed. Kmart, the century-old 巨大（な） 割引 retailer famous for its 'blue light specials,' paid for its failed 試みる／企てる to de-王位 Wal-市場 by とじ込み／提出するing for 破産 保護. Kmart 株, at $13.55 within the past year, 急落（する），激減（する）d $1.05 or 1% to 69 cents after the company said it would have to の近くに 蓄える／店s and 支払う／賃金 off $2bn. in 負債 if it hoped to re-現れる from 破産 next year. Wal-市場, seen as the major 受益者 of Kmart's woes, rose $1.66 or 3% to $58.01, 近づく a 52-week high.

アマゾン.com surprised 分析家s with its long-を待つd first 年４回の 利益（をあげる）. アマゾン 株 leapt $2.44 or 24% to $12.60.

Tyco International, the 複合的な／複合企業体 which has been under a cloud on 噂するs abouts its accounting methods, saw its 株 伸び（る）d $1.10 or 2.4% to $47.55 after it said would 分裂（する） into four, sell its plastics subsidiaryand 支払う／賃金 off $11bn. in 負債 because it was undervalued on 塀で囲む Street. The company had 追求するd an 積極的な 取得／買収s strate gy, buying dozens of companies in the past １０年間.

Lucent, the world's biggest telecom 器具／備品 製造者, rose 25 cents or 3.7% to $6.94 after it said it could return to profitability by year's end.

Willamette 産業s climbed $8.02 or 17% to $55.12 after it 受託するd a $6bn. 申し込む／申し出 from 競争相手 Weyerhaeuser, ending a 14-month 引き継ぎ／買収 defence. International Paper, a major player in the same 部門, 追加するd 69 cents or 1.8% to $38.91.