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Markets & Stocks
Dow to 10,000: See you later
March 12, 1999: 4:18 p.m. ET

Profit warnings frighten investors away from pursuing milestone
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NEW YORK (CNNfn) - Spooked by the altitude and by some significant profit warnings, investors abandoned the pursuit of Dow 10,000 for a day Friday, content to focus on consolidating their market positions.
     According to preliminary data, the Dow Jones industrial average finished the day 21.09 points lower at 9,876.35, leaving 10,000 as a goal to be achieved, perhaps in the very near future.
     The Nasdaq Composite fell 30.70 points, or 1.3 percent, to 2,381.55. The S&P 500 index lost 3.09 to 1,294.59.
     Bonds rose, encouraged by the day's economic report -- a non-inflationary producer price index report for February. The benchmark 30-year Treasury bond gained 17/32 of a point in price, for a yield of 5.52 percent.
     The dollar fell sharply against the yen, but regained some ground against the euro. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.