December 9, 2000

Nasdaq Rises 6% on Hopes Profit Warnings Are Done The Nasdaq composite index jumped 164.77 points, or 6 percent, to 2,917.43, on the strength of technology companies like Intel and Cisco Systems and a positive jobs report. Other markets rose as well. The Standard & Poor's 500-stock index climbed 26.34 points, or 2 percent, to 1,369.89. The Dow Jones industrial average rose 95.55 points, or 0.9 percent, to 10,712.91. After hours, the picture was not as rosy, as investors sent shares sharply lower in reaction to more uncertainty about the presidential election's outcome. [Page C3.]

New York Stock Exchange outlines plans to offer investors new index funds and will begin aggressive new advertising campaign; ads squarely take aim at Nasdaq market, NYSE's major competitor; photo (M)

New York Gov George Pataki signs legislation enabling New York City to finance trading complex and office tower that will house New York Stock Exchange; city officials say they are close to signing agreement with Exchange, which will take up 10 floors of planned 50-story complex; remainder will be office space, although sticking point is that there is no major tenant for the space; city has not found developer willing to build tower without tenant; real estate executives and urban planners say project has become too costly and may be unnecessary with electronic trading (M)

Pet owners are rushing to preseve genetic materials from pets, even though pet cloning is still in testing stages; it may be years before pets are cloned, however three companies will freeze and store animal tissue in preparation for future; also discusses collecting and using sperm from pets to perpetuate line; photo (M)

NYC column bemoans abundance of sidewalk newspaper vending machines; claims they take up so much space that pedestrian traffic is impeded; First Amendment permits almost completely unregulated placement of distribution boxes for newspapers; advertisers such as Learning Annex also cash in, as commercial speech is also constitutionally protected; while local politicians are critical about plethora of vending boxes, no restrictions have beem imposed (M)