A very volatile morning with the market and particularly the tech dominated Nasdaq generally on the defensive into midday. The market got little mileage out of the surprising strength in the early Q4 Advance GDP report despite the fact that the number (+0.2%) was well above the consensus estimate of -1.1%. Much of the unexpected strength was the result of heavy government spending and gains in durable orders (auto financing deals) and this may have kept investors from becoming overly enthusiastic about the data. Also continuing to cast a pall over the market, at least in the morning, were accounting worries. Speculation/reports that additional... [Full Story <http://my.money.net/scripts/scoop?t=f&;d=20020131&u=http://www.money.net/scripts/wrap%3Fname%3Dcontent/istocks%26wrap%3Dyes<]
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