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Friday, August 05, 2005

Baidu Leads Market on Down Day

Baidu.com (BIDU) IPO debut ended up 353% higher than it's filing. I don't recommend buying into this dotcom frenzy. The market had a down day especially the homebuilders.

Dow10,558.03-52.07(-0.49%)
Nasdaq2,177.91-13.41(-0.61%)
S&P 5001,226.42-9.44(-0.76%)
10-Yr Bond4.392% +0.07
NYSE Volume1,931,038,000
Nasdaq Volume1,517,002,000

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