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Nasdaq Index Plummets as Dow Jones Averages Rises.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, April, 2000 by Blanton, Kimberly
Apr. 4--The Nasdaq Composite index plummeted nearly 350 points yesterday, the biggest point decline in its 29-year history, as Microsoft Corp.'s failed settlement talks in the federal antitrust case accelerated a sell-off that began last week and has clobbered most technology stocks.
Investors fleeing tech stocks did not leave the stock market entirely. Instead, they sent a deluge of money into retail, financial, and other stocks that comprise the Dow Jones industrial average, which climbed 300.01 points. The Dow's sharp rise continued to lift an index that has gained 15 percent from its recent low just over a month ago. The Dow index closed yesterday at 11,221.93.
The Nasdaq's descent started as the market opened, in reaction to news over the weekend...
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