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Friends, Family Attend Kennedy Memorial Mass
By: Jeanne King
NEW YORK (Reuters) - John F. Kennedy Jr. shared with his father the slain president "every gift but length of years," his uncle said Friday, mourning a man who "seemed to belong not only to our family but to the American family." Shielded from the glare of the public eye, family and friends gathered in a majestic New York church to pay their last respects at a private memorial Mass to Kennedy and his wife Carolyn Bessette Kennedy, killed in a plane crash along with her sister a week ago. Guests, who included President Clinton, listened in silence, or in tears, to a eulogy by Sen. Edward Kennedy, a man who has become tragically adept at leading mourning in America's most famous political family. "We dared to think...that this John Kennedy would live to comb gray hair with his beloved Carolyn by his side. But like his father, he had every gift but length of years," he said. "He was still becoming the person he would be, and doing it by the beat of his own drummer," the senator told the more than 300 mourners at St. Thomas More Church on Manhattan's Upper East Side. It was where Kennedy's late mother, Jacqueline Kennedy Onassis, used to worship. Stocks, Bonds, Dollar Fall Again By Richard Chang NEW YORK (Reuters) - Stocks, bonds and the dollar fell for the second day in a row Friday as investors seemed convinced that U.S. interest rates will rise, a day after comments by Federal Reserve Chairman Alan Greenspan. In the commodities markets, gold fell. Oil ended above $20 a barrel. The Dow Jones industrial average ended down 58.26 points, or 0.53 percent, at 10,910.96. For the week, it was off 298.88 points. In the broader market, declining issues beat advances 1,938 to 968 on moderate volume of 628 million shares on the New York Stock Exchange. The technology-heavy Nasdaq composite index was up 7.96 points, or 0.30 percent, at 2,692.40. In his semi-annual Humphrey-Hawkins testimony Thursday, Greenspan told the House Banking Committee the Fed would act "promptly and forcefully" to prevent a spike in inflation. The comments compelled some stock traders to set aside the Fed's neutral monetary bias, and to expect an increase in interest rates, possibly as soon as the next policy-setting meeting on Aug. 24. Internet Stocks Mixed, InsWeb Sizzles By Ian Simpson NEW YORK (Reuters) - Internet share prices were mixed Friday afternoon, with little news to direct the volatile sector, although the stock of online insurance provider InsWeb skyrocketed in its first day of trading. "It's just like everybody is happy that the week is over and is leaving early," said Lance Zipper, head of equity trading at Brean Murray & Co. The American Stock Exchange's 48-share Internet index was off 1.57 points, or 0.53 percent, at 291.28 in early afternoon. The gauge has slipped 11 percent in the last two weeks. The sector has been weighed down in part by quarterly results from such high-profile companies as America Online Inc. and retailer Amazon.com Inc. that failed to excite Wall Street. America Online was off 3-13/16 at 106-11/16. But Amazon.com recovered a bit from some slight declines and traded early Friday afternoon up 1-3/16 at 108-3/8. Among active issues, Internet sports news publisher SportsLine USA Inc. fell 7-7/8 at 31-1/8 after the Internet sports news publisher reported a widening net loss in the second quarter. Deutsche Banc Alex. Brown cut its rating on the shares to buy from strong buy. Bear Stearns analyst Matt Esh deepened his estimate for 1999 and 2000 losses, but raised his estimate for revenues. Ullas Naik, an analyst at FAC Equities in Boston, said "the bloom is off" Internet businesses that deal with consumers, such as retailers and service providers. Part of the reason for the decline is because of the flood of stock from new companies in the field. |
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