US stocks go separate ways; Dow down 48 pts and Nasdaq up 4 pts

US stocks went separate ways yesterday, stirred by the news that GE announced that the US$42 bln merger plan with Honeywell has not been approved by the European supervision institution. The aeroplane stocks brought the Dow & Jones Average Index to dip, which lost 48.71 pts, or 0.46% to close at 10596.67 pts. Conversely, technology stocks soared up over the better-than-expectation earnings of Oracle, but just registered separate developments. Nasdaq, which has underwent 7-day consolidation, revived after initial drop and snatched 4.03 pts, or 0.2% to end at 1992.66 pts.  

Oracle surged 12.94% to US$16.76 after the release of earnings report. Intel (4335), Metromedia and Exodus Comms all erased 3.19%, 24.29% and 21.55% to finish at US$26.67, US$1.59 and US$2.84.

US 30-year treasuries yield closed at 5.684%.    

European stocks were still affected by the US stocks, with UK Financial Times index up 8.8 pts, or 0.16% to close at 5680.4 pts.

French CAC 40 index gained 39.13 pts, or 0.76 to finish at 5199.41 pts.

German DAX index claimed 53.49 pts, or 0.91% to end at 5922.53 pts.    

London Hong Kong stocks recovered yesterday, with HSLRI up 16.09 pts over the closing of yesterday in Hong Kong to finish at 13149.75.

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