Message-ID: <28376766.1075852861066.JavaMail.evans@thyme> Date: Mon, 22 Oct 2001 10:06:28 -0700 (PDT) From: msnmoneyupdate_029625@ms-moneycentral.customer-email.com To: houston <.ward@enron.com> Subject: Early surge gives way to caution Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "MSN Money Update" @ENRON X-To: Ward, Kim S (Houston) X-cc: X-bcc: X-Folder: \KWARD (Non-Privileged)\Ward, Kim S (Houston)\Deleted Items X-Origin: Ward-K X-FileName: KWARD (Non-Privileged).pst =========================================================== *********************************************************** NEW! Would you like to receive this message in HTML instead of plain text? *********************************************************** Try the enhanced version of our market report mail. Get the latest report, index data and headlines. Sign in and select "HTML" http://moneycentral.msn.com/Comcenter/options.asp?returnURL=/Comcenter/email.asp =========================================================== The following data is best viewed in a Fixed Width font such as Courier. Leading Indexes(as of 10/22/2001 11:00 hours ET) http://moneycentral.msn.com/investor/market/leading.asp Quotes supplied by Standard & Poor's Comstock and delayed at least 20 minutes. Data Source: http://www.spcomstock.com Name LEVEL CHANGE %Change -------- -------- ------- ------- Dow Jones Industrial Average 9,250.82 +46.71 +0.51% S & P 500 Index 1,077.44 +3.96 +0.37% Nasdaq Composite Index 1,686.27 +14.96 +0.90% Amex Composite Index 819.09 +5.79 +0.71% Russell 2000 Index 426.72 +1.02 +0.24% To personalize this e-mail with your own investments, sign up to add your portfolio. http://moneycentral.msn.com/investor/invsub/alerts/ppemail.asp ** MSN Money Community ** Discuss the hot topic of the day on the message boards, Chat with CNBC personalities and investing experts, or post a question for one of our other financial experts. http://money.msn.com/community/highlights.asp ---------------------------------------------- Market Summary (as of 10/22/2001 11:00 hours ET) http://moneycentral.msn.com/articles/common/summary.asp Early surge gives way to caution Provided by MSN Money The markets are up but just barely this morning, as cautious investors await a flood of earnings news and expect most to be bad.

The market opened lower but rallied on good news from the semiconductor sector, with a report of cost-cutting plans at giant Intel. The stock was up about 3.5% this morning, and the key semiconductor sector index was up by about the same amount.

Investors also decided they like the numbers from 3M, which reported a 21% decline in earnings this quarter, but also posted earnings of $1.10 per share. 3M shares were trading up about 3%.

But there was plenty of bad news as well, and by noon EST, the surge had leveled off as the market awaited more earnings numbers this afternoon. Full day's coverage: http://moneycentral.msn.com/articles/common/summary.asp ============================================================== Today's update brought to you by MSN Money -- The best place to invest. http://moneycentral.msn.com If you would like to unsubscribe from the MSN Money Market Summary Email go to http://money.msn.com/investor/invsub/alerts/ppemail.asp or reply to this message and type "Unsubscribe" in the subject line of the message. Thank you. ============================================================== This email was sent to: kim.ward@enron.com