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Dow Lower in Early Trading

December 8, 1998

NEW YORK (AP) _ Stock prices are mostly lower in moderate trading. The Dow Jones industrial average is down 16 points in today’s early going. Decliners on the New York Stock Exchange hold a five-to-four lead over advancers.

The Nasdaq composite index has gained 2 points and the Standard & Poor’s 500 stock index is down 2 points.

Once again, the technology sector will be the one to watch today.

A strong showing by some of the biggies in the high-tech industry _ Microsoft and Intel to name a couple _ helped the Nasdaq to a record close yesterday. But with precious little in the way of market-moving news, it’s unlikely we’ll see any dramatic price swings today.

There are no economic reports scheduled for release. And overseas markets have been narrowly mixed.

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