April 18, 2000 – A Wall Street Feeding Frenzy
April 18, 2000 – Wall Street on the rebound for the second day as a feeding frenzy pushed the Dow up to new heights. At the end of this Super Tuesday, the Stock Market closed up 254 points to close at 3793, and the Dow closed at 10,767. it was the biggest single day and the biggest rebound since the dramatic sell-off on Friday. The market’s gains were broad-based, with advances outnumbering declines nearly 2-1. But observers of the frenzy cautioned to expect more downward swings in the future as the Stock market entered volatile territory. The theory was; you couldn’t have days like the two that just happened without reverses just as dramatic on the downside. Advice to newbies: Seat Belts and Prilosec.
In other news – Authorities in Lincoln Park, Michigan said it was a tenant of a Senior Citizens Apartment house who went on a rampage, open-firing on neighbors; killing two women and wounding a third. The suspect was captured when Police stormed his room. The incident began after the man was called to a meeting of the tenants to discuss neighbors complaints about his foul language. Apparently, he would get drunk and get violent, and his behavior caused other tenants to stay away from him.
In Tennessee, the first execution in 40 years was expected to take place after the U.S. Supreme Court refused to hear two 11th hour appeals from convicted killer Robert Glenn Coe, who was handed the death sentence for the rape and murder of an 8 year-old girl in 1979.
And President Clinton was in Chicago for the Computer and Internet Electronics Trade Show to persuade executives and designers to do more than they already are to bridge the digital divide between haves and have nots. He prodded them to contribute more computers and software to schools and to sponsor more internship and training programs which, as the President put it, would only benefit the industry as a whole by providing more skilled technicians.
And that’s a little of what went on, this April 18th in 2000 as reported by The CBS World News Roundup: Late Edition.