A Slamarama For The New Economy
By Erica Garcia

(MONEY Magazine) – Like the NASDAQ, the S&P 500 and even the less tech-dependent Dow, the MONEY 30 was slammed during the month that ended March 14. Our index of stocks representing the New Economy fell almost 14%. The usual suspects--Motorola, Sun, Oracle, Cisco--all tumbled more than 20%. But it wasn't just tech that suffered. Charles Schwab--the biggest loser for the month-- plunged almost 33% on news that online trading was slowing everywhere. Even mighty Enron, a steady climber, fell more than 20%. Another big loser was manufacturer Tyco International, which announced that it would buy finance company CIT Group--and saw its stock drop 24% for the month.

There was one gainer: Mattel. The long-suffering toy company, which has been climbing since late January, added another 11% for the month after investors finally heard good news about the Learning Company, a troubled software company that Mattel sold to a buy-out firm in exchange for a share of future profits. Those profits may come sooner than expected.

--ERICA GARCIA

THE MONEY 30 INDEX, WHICH TRACKS THE PERFORMANCE OF 30 BLUE-CHIP GROWTH STOCKS AT THE FOREFRONT OF TODAY'S ECONOMY, FELL 14%--TO 2846--FROM FEB. 16 TO MARCH 14. (JANUARY 1996 EQUALS 1000.) GO TO WWW.MONEY.COM FOR REGULAR PRICE UPDATES.