The Michigan Daily - Thursday, March 16, 2000 -5A Dow Jones Industrial Average, NASDAQ and S&P 500 Composite for Week Mar. 9 - Mar. 15 DJIA NASDAQ S&P 500 Close Change Close Change Close Change 3/9 10,010.73 +154.21 5,046.83 +149.60 1,401.69 +34.99 3/10 9,928.82 -81.91 5,048.62 +1.76 1,395.07 -6.62 3/13 9,947.13 +18.31 4,907.24 -141.38 1,383.62 -11.45 3/14 9,811.24 -135.89 4,706.63 -200.61 1,359.15 -24.47 3/15 10,131.41 +320.17 4,582.69 -123.04 1,392.16 +33.06 HIGHLIGHTS FROM THE WEEK: Yesterday investors' money transferred from the recently struggling technology sector and went into industrial stocks like DuPont, 3M, and Johnson & Johnson. The NAS- DAQ has lost 465 points over the last three days but is still up 13 percent since the beginning of the year. Meanwhile the Dow is down 13 percent in the same time period. On Tuesday, the NASDAQ saw its second worst loss in history as biotech stocks plunged when an agreement was made between the U.S. and Britain decided to share information on a project concerning human genetic patterns. This squashed many biotech company's plans to use the data they had collected and sell that information to drug makers and researchers. The NASDAQ saw a record close over 5,000 for the first time last Thursday but has seen investors take profits since then. WHAT IS THE DOw JONES INDUSTRIAL AVERAGE? The DJIA represents 30 stocks traded on the New York Stock Exchange (NYSE) and NASDAQ and are all major factors in their respective indus- tries. These stocks are widely held by individuals and institutional investors. Many financial advisers think of it as a good indicator in telling whether the NYSE is doing well or poorly. WHAT IS THE NASDAQ COMPOSITE? The NASDAQ is the fastest growing stock market in the U.S. due to it being a screen-based stock market, compared to a trading floor market like the NYSE. It also has almost all of the technological stocks available for trading, which has proved to be a very volatile industry in the last couple of years. WHAT IS THE S&P 500? The S&P 500 is a marketvalue weighted index composed of 400 indus- trial stocks, 20 transportation, 40 financial, and 40 utility. It is a far broader measure than the DJIA because it takes into account 500 different stocks traded on the two main exchanges (NYSE and NASDAQ-AMEX) compared to the DJIA's 30 all traded on the NYSE and NASDAQ. -Compiled h Daily Staff Reporter Kevin Magnuson from wire reports. HAZING Continued from Page IA Greek members and submitting a report to IFC, Panhel and BGA. "This will be a report which will turn into a policy that will govern the Greek community but hopefully the new policy will also serve as a model to other communities facing the same hazing problems across the nation," Silver said. Instead of defining hazing, the task force will attempt to define the prob- lems associated with hazing in the Greek community. "Anytime you specifically define something there always will be a loophole - hazing is anything that endangers anyone mentally, physical- ly or academically, so that's where the concern is for the University," said a task force member who asked that his name not be printed. The purpose "isn't to define hazing but to figure out what to do about it," he said. Both Silver and the task force member said the problem of hazing goes beyond the pledge term, with ramifications even after fraternity ini- tiation. "How do you all of a sudden after pledge term respect someone who has beaten you for the past four months?" the task force member asked. Yet not all Greek members feel this is a question that needs to be asked. One freshman fraternity member, who wished to remain anonymous, said hazing is a necessary part of the pledge term. "It makes you tougher. It makes you able to handle mental stress," he said. The student said he was hazed last. semester by older members of his house, but felt no resentment. "You have to take it with a grain of salt,' he said. "There was no feeling of them against us. It was just some- thing we had to do to get in ... It shouldn't make you hate the older guys. The freshman did admit that he wouldn't participate in the hazing of next year's pledge class. "It's just not me," he said. He added that the members of his pledge class that were most likely to haze were the ones who had been hazed the worst themselves. "But I would tell (pledges) to clean," he said. The fraternity member saidhe doubted IFC's ability to put an end to hazing. But Silver remains optimistic. "They have a hard challenge ahead of them, but I think they will suc- ceed," he said. - - Apply now at the Law Library GHB Continued from Page 1A Although GHB has been known as a date rape drug, experts have noted that the drug has increasingly been used for recreational purposes. While the University is working to educate students on this issue, interim UHS Director Robert Winfield said the "paramount problem" on campus continues to be alcohol abuse. "This is not to diminish the dangers ofGHB, but it is our impression that it is not the major problem. Our public health community has be focused, and right now, the focus is on alcohol," Winfield said, citing a study conduct- ed last fall by the Substance Abuse Research Center concluding that binge drinking was a problem on cam- pus. SAPAC Education and Training Coordinator Alicia Rinaldi said that in relation to date rape drugs, alcohol is a more widespread problem. The issue of sexual assault and drugs "has been going on for awhile," Rinaldi said. There are "many differ- ent levels, and many different drugs," she added. The University plans to integrate more information about GHB into its orientation programs. Office of New Student Programs Assistant Director Christian Garcia said alcohol use is a subject specifical- ly targeted in the University's fresh- man orientation, but there is a "very strong possibility" GHB education will be added. - The Associated Press contributed to this report. non-Law Students *Law Students *S.I. Students Apply in person: Room S-180 in the Law Library's under- ground addition, 8-noon and 1-5 Monday through Friday. AAIEOE Iichigan0asims New Players Deposit $200 Receive $50 FREE Members Deposit $200 Receive 3 TEAM $50FREE PARLAY E I1