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CNN Live At Daybreak

Wall Street Remembers: Markets Will Hold 4 Moments of Silence

Aired September 11, 2003 - 06:43   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz. Wall Street will take some time today to remember September 11.
So let's go to Joya Dass at the Nasdaq market site to find out what's in store.

Joya, tell us.

JOYA DASS, CNN FINANCIAL NEWS CORRESPONDENT: Well it's going to be mostly a regular trading day. However, there are going to be moments of silence observed at the New York Stock Exchange, the Nasdaq and the NYMEX to commemorate the lives that were lost on September 11. So these are the following times that those moments of silence will be observed: 8:46, 9:03, 9:59 and 10:29.

Now a reminder that these last two times are actually during the regular trading day so there will be no trading at the New York Stock Exchange during those particular moments of silence. And here at the Nasdaq market site, the folks here are not going to be having their usual opening ceremony.

For those of you that are keeping track of what stocks have been doing since September 11, I want to show you this chart and show you that the Dow has -- is actually down almost 2 percent. The Nasdaq is the best performing index here, up 7.5 percent. The S&P 500, though, is down 7.5 percent.

Now to put this in perspective though, all three of the major indices did hit their trough right around October 2002, so the Dow is actually up 30 percent since October. The Nasdaq is up 40 percent since the lows in October and the S&P 500 is up 30 percent since we hit those lows in October. And as far as sectors go, the best performing sectors have been consumer electronics and homebuilders. The worst performing sectors have been the utilities and the airlines.

Now we've seen loses for the last two days. There was a little bit of softness expected before the September 11 anniversary. A little bit of selling intensified, though, yesterday after we got a new tape about Osama bin Laden. Let's see what today has in store for us -- Carol.

COSTELLO: All right. Joya Dass reporting live from the Nasdaq market site in New York.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com





Silence>


Aired September 11, 2003 - 06:43   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz. Wall Street will take some time today to remember September 11.
So let's go to Joya Dass at the Nasdaq market site to find out what's in store.

Joya, tell us.

JOYA DASS, CNN FINANCIAL NEWS CORRESPONDENT: Well it's going to be mostly a regular trading day. However, there are going to be moments of silence observed at the New York Stock Exchange, the Nasdaq and the NYMEX to commemorate the lives that were lost on September 11. So these are the following times that those moments of silence will be observed: 8:46, 9:03, 9:59 and 10:29.

Now a reminder that these last two times are actually during the regular trading day so there will be no trading at the New York Stock Exchange during those particular moments of silence. And here at the Nasdaq market site, the folks here are not going to be having their usual opening ceremony.

For those of you that are keeping track of what stocks have been doing since September 11, I want to show you this chart and show you that the Dow has -- is actually down almost 2 percent. The Nasdaq is the best performing index here, up 7.5 percent. The S&P 500, though, is down 7.5 percent.

Now to put this in perspective though, all three of the major indices did hit their trough right around October 2002, so the Dow is actually up 30 percent since October. The Nasdaq is up 40 percent since the lows in October and the S&P 500 is up 30 percent since we hit those lows in October. And as far as sectors go, the best performing sectors have been consumer electronics and homebuilders. The worst performing sectors have been the utilities and the airlines.

Now we've seen loses for the last two days. There was a little bit of softness expected before the September 11 anniversary. A little bit of selling intensified, though, yesterday after we got a new tape about Osama bin Laden. Let's see what today has in store for us -- Carol.

COSTELLO: All right. Joya Dass reporting live from the Nasdaq market site in New York.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com





Silence>