• Thought of the Day

    Thought of the Day

    2000: Wavering between the profit and the loss$ In this brief transit where the dreams cross$ The dreamcrossed twilight between birth and dying

    –T.S. Eliot, Ash-Wednesday (1930), part VI.

Today in Financial History

2000: U.S. District Court Judge Thomas Penfield Jackson finalizes his ruling that Microsoft is a monopoly under the Sherman Antitrust Act, ordering that the "untrustworthy" company be split in two and placed under various restrictions. Microsoft announces its plans to appeal the ruling. Meanwhile, the stock market — which had fallen by nearly a third in previous months amid fears that Microsoft would be broken up — suddenly decides today that it likes the idea after all, as the Dow Jones Industrial Average rises 0.72% and the NASDAQ jumps 2.21%.

The Wall Street Journal, June 8, 2000, pp. A1, A3, C1