June 9, 2001

Nasdaq Up 3% for the Week Despite Conflicting News Despite conflicting news from technology companies, the Nasdaq composite index ended the week 3 percent higher. The Nasdaq fell 48.90 points, or 2.2 percent, to close at 2,215.10. It closed at 2,149.44 last Friday. Elsewhere, the Dow Jones industrial average dropped 113.74 points, or 1 percent, to 10,977.00, while the broader Standard & Poor's 500-stock index declined 12 points, or 0.9 percent, to 1,2964.96. Both indexes were virtually unchanged for the week. [Page C3.] Nasdaq has started a trading system for its Nasdaq Europe subsidiary, with several big investment banks buying shares. [C3.]

New York City's largest developers and landlords decide to back all four Democratic candidates for mayor; Real Estate Board of New York pledges to raise $250,000 each for Mark Green, Peter F Vallone, Fernando Ferrer and Alan G Hevesi; real estate industry is important lifeblood to city, and real estate moguls regularly do business with various city agencies and with mayor; political candidates walk fine line with real estate industry; no candidate wants to be described as out-and-out ally of developers and landlords, but candidates say they desperately need contributions; contributions from brokers, developers, lawyers and landlords account for more contributions than any other single industry (M)

New York Yankees defeat Atlanta Braves, 7-4, in interleague play; photo (M)

* Seven former commissioners of Internal Revenue Service urge Treasury Sec Paul H O'Neill to withdraw his opposition to proposed crackdown on Caribbean and other nations considered tax havens; O'Neill's May 10 statement that Bush administration will not support broad efforts to impose sanctions on tax havens causes some nations to stiffen their opposition and strengthen their bank-secrecy laws (M)

Nation's prison population begins to stabilize, after three decades of explosive growth; falling crime rates and decade of new construction ease overcrowding that has plagued state prisons and local jails alike; Justice Dept figures show that number of state prisoners grew by only 1.5 percent through middle of 2000, lowest annual increase in 29 years; in three most populous states, number of prisoners actually fell in California and New York and grew by only half of 1 percent in Texas; New Jersey is among nine other states that also report decline; graph (M)