Market Commentary – Noon

March 26, 2001 - Blue chip stock indices are soaring in a carryover of Friday's rally, with financials, computers, telecoms, oils, and defense issues leading the day.

UITs Add Another $3.5 Billion in February

March 21, 2001 ( - Unit investment trusts pulled in another $3.52 billion in February, and now total $7.82 billion according to the Investment Company Institute (ICI).

Fund Favorites Slip in February

March 22, 2001 ( - Investors pulled a record amount from US stock mutual funds in February - more than $11 billion - according to Lipper.

Fed Rate Cut Could Help Participants

March 20, 2001 ( - Participants could get a break on their loan accounts, as banks adjust their prime rates to match Tuesday's lowering of the federal funds rate by 50 basis points.

SEC OKs Expanded NYSE Trading Disclosures

March 16, 2001 ( - The Securities and Exchange Commission has approved the New York Stock Exchange's proposal to expand stock-market information. The move is expected to improve trading under the new decimalized stock trading system.

Short Sellers Strong in February

March 15, 2001 ( - The CSFB/Tremont Hedge Fund Index was down 0.6% in February, but the results of the nine style-driven sub-indices varied widely in the midst of tumultuous markets.

NASDAQ Decimal Pilot Launches

March 12, 2001 ( - Despite continued concerns from institutional investors, NASDAQ will launch its first pilot wave of decimal pricing today for 15 securities.

Participants "Bond" With Bonds in February

March 6, 2001 ( - Participants made a slow, but steady push toward less volatile investments in February, shifting money from equities to bonds, stable value and money market funds.

Funds Fear Low Voltage in California

March 1, 2001 ( - In an effort to reduce their exposure to California energy utilities, three mutual funds sold commercial paper issued by the utilities in an effort to minimize losses.

FTSE Introduces New Social Index Family

February 27, 2001 ( - FTSE is hoping to do a little good with its launch of FTSE4Good, a new family of indices designed to provide a benchmark for socially responsible investments.