Epic US Markets Update

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Epic Research
The Nasdaq declined slightly on weakness in tech shares, though its loss was limited by a rally in Oracle Corp shares a day after the company’s results.

The Dow Jones industrial average rose 11.11 points, or 0.07 percent, to finish at 16,179.08, a record closing high. The Standard & Poor’s 500 Index dipped 1.05 points, or 0.06 percent, to end at 1,809.60. The Nasdaq Composite Index shed 11.93 points, or 0.29 percent, to close at 4,058.14.
 
EPIC US MARKETS UPDATE

U.S. averages have surpassed previous highs, another indication that the market is far from where it was back then.

At the end of 1999, 8 out of 10 of the most highly valued stocks were tech companies, led by Yahoo trading at almost 577 times projected 2000 earnings, according to S&P Dow Jones Indices. Fellow dotcom-era corporations America Online and Cisco Systems Inc %u2013 the latter prized because it dominated the market for networking equipment that enabled internet connections %u2013 clocked in at 223 times and 102 times, respectively.
 
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