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Dow Slips 20; Nasdaq Gains 6

October 12, 1999

NEW YORK (AP) _ The Dow Jones industrial average is down 20 points in today’s early going. Losers on the New York Stock Exchange hold a 3-2 lead over gainers.

The Nasdaq Composite Index is up six points and the S&P 500 Index is down two points.

The Nasdaq composite index will work on what would be its seventh straight advance today.

The index closed higher yesterday for the sixth session in a row, setting a new high in the process.

But the early indicators for the market appear to be mixed at best today.

Bond prices are solidly lower, sending bond market interest rates close to their highs of the year.

Overseas equities markets have generally been lower as well.

Corporate earnings news begins in full force today, with several companies already releasing strong numbers including Merrill Lynch and PaineWebber.

Intel and Motorola are scheduled to report earnings after the closing bell.

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