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Stock Market / Drop #195934

ABC Evening News for Monday, Mar 12, 2001
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(Studio: Peter Jennings) Stock Market Report.

(Studio: Betsy Stark) The negativity in the stock market, especially for tech stocks, examined; details given of the drop in Cisco Systems and Ericsson and in the S&P stocks. [INVESTOR - wonders about the NASDAQ drop.] [Market analyst Hugh JOHNSON - comments on cheap stocks; says investors do not buy an economic recovery.] The Federal Reserve Board's take on the economy discussed.

(Studio: Peter Jennings) Report introduced.

(New York: Bob Jamieson) The impact of the stock market on the overall economy examined; statistics cited on the drop in consumer confidence and layoffs in the "new economy." [Decision Economics Incorporated Pierre ELLIS - cites the risk in recession and the tough hurdles for businesses.] [John Hancock Financial Services Bill CHENEY - says the attention paid to stock prices is affecting how we feel.]

Jamieson, Bob;
Jennings, Peter;
Stark, Betsy

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