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(Studio: Peter Jennings) A day of relentless selling on the stock market and later selling introduced.
(Studio: Betsy Stark) Wall Street's activity examined; details given about layoffs at Charles Schwab, Procter and Gamble and the late afternoon rally with a revival of tech stocks. [Market analyst Richard McCABE - cites the fear about weak corporate profits.] [Market analyst Alfred GOLDMAN - says there is some bargain hunting.]
(Studio: Peter Jennings) Interview held with UBS PaineWebber's Art Cashin on the market floor. [CASHIN - assesses the market response and what "sideline" money might do; comments on what might happen Friday.]
- Jennings, Peter;
- Stark, Betsy
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