KYRA PHILLIPS, CNN ANCHOR: Now back to our top story: the Wall Street selloff. Nasdaq's history-making drop yesterday was triggered by big losses among technology stocks. Sasha Salama, of CNN Financial News, is following the Nasdaq futures market this morning. Hi, Sasha.</s>SASHA SALAMA, CNN CORRESPONDENT: Hi there. The big question here at the Nasdaq: Will the selling continue today? It's not clear at this point in the morning whether it will or not. We follow the futures market to get an indication of where the market will open at 9:30 a.m. Eastern time. And the futures market has been all over the place this morning, right now it's up about 9 1/2 points, it had been down earlier. So volatility reigns here. What is clear is that yesterday's selloff was no surprise. A lot of analysts telling me that the market was simply ripe for what they say is some profit-taking after last year's huge run-up. Don't forget the Nasdaq last year was up 86 percent, so it nearly doubled in value, and many investors were supposedly waiting until after the start of this year to take some profits so that they don't have to pay taxes on those profits until April of 2001. Investors are also going to be watching out for a couple of key events. Later this week we get the report on December unemployment, that's on Friday. And at the beginning of February, a very important meeting at the Federal Reserve in Washington to determine which way interest rates are going. The conventional wisdom is, they're going up, but so far that hasn't rattled the technology investors too much. I'm Sasha Salama at the Nasdaq in New York. Back to you in Atlanta.</s>CAROL LIN, CNN ANCHOR: All right, we'll keep an eye on those markets today. Right now the S&P; futures are up almost seven.
Nasdaq Futures Volatile Following Yesterday's History-Making Drop