Market Roundup - table - Industry Trend or Event - Statistical Data Included

The Nasdaq began the new year with a hangover from 2000, dropping 7.2 percent, or 178.66 points, to 2291.86 last Tuesday. The Dow didn't fare much better, shedding 1.3 percent, or 140 points, to 10646. Downgrades and ominous economic data weighed down investor psychology and technology stocks alike until midday Wednesday, when the Fed, in a surprise intrameeting announcement, cut the prime lending rate by half a percentage point.

Starved for good news, investors pushed the Nasdaq up 14 percent, or 324.83 points, to close Wednesday at 2616.69, a one-day record performance. But more profit warnings, downgrades, layoffs and rising unemployment data brought the sour mood back to Wall Street Thursday. The Nasdaq ended the week down 2.5 percent. The Standard 100 fell 4.8 percent to 538, and The Dow lost 1.2 percent, closing at 10662.

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