5 January 2001, 09:59  U.S. STOCKS

U.S. STOCKS: Dow ended with modest losses of about 33 points while the Nasdaq gave up about 50 points of yesterday's meteoric gains, a better performance than some had expected. Dow was weighed by components Pfizer, off $2 at $41 1/2, and J&J, down about $2 1/4 at $96 1/2 and IBM, off about $2 at $92 3/4 after posting hefty gains Wednesday. Other winners include MSDW, up over $5 on an investment house upgrade, Bear Stearns, up $1 1/2 on stronger than expected earnings and JP Morgan Chase, up $1 1/2. Nasdaq losses were paced by Intel, Amgen, Sun-Microsystems, Symantec and Dell. S&P 500 ended down about 14 points.

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