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By BLOOMBERG NEWS | September 2, 1998
NEW YORK -- U.S. stocks rebounded yesterday from the second-worst decline in the 1990s, with technology shares leading the climb, followed by companies whose shares appeared to have been beaten down further than warranted by their earnings outlooks.Broad market indexes again yesterday mirrored the Dow Jones industrial average, the Standard & Poor's 500 index and the Nasdaq composite, with most of them gaining about half what they had lost in Monday's market plunge.The Russell 2,000 index, which tracks small capitalization stocks, jumped 10.15 to 348.10; the Wilshire 5,000 index gained 304.30 to 11,106.
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BUSINESS
By BLOOMBERG NEWS | October 12, 2000
NEW YORK - U.S. stocks declined yesterday after Motorola Inc., Lucent Technologies Inc. and Yahoo! Inc. said results will disappoint investors. The Nasdaq composite index dropped for a fifth day and is on track for its biggest annual loss since 1974 as investors bet rising energy costs and the slowing economy will reduce corporate earnings more than expected. "Everything we've seen in the last three weeks has been awful, culminating with Lucent," said Ian Link, who helps manage about $35 billion for Franklin Advisors Inc. "People are afraid of their own shadow and many say it's the beginning" of a prolonged drop in stocks.
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BUSINESS
By BLOOMBERG NEWS | March 13, 1998
NEW YORK -- U.S. stocks were mixed yesterday, as falling markets in Asia renewed concern that an economic slump there will hurt earnings of U.S. companies.Computer-related shares such as Microsoft Corp. rose and consumer products companies such as Procter & Gamble Co. fell.The Dow Jones industrial average fell 16.19 to 8,659.56, led by P&G, down $2.375 to $84.1875, and Philip Morris Cos., down $1.0625 to $43.50.Gainers in the Dow included International Business Machines Corp., which rose $1.125 to $100.
BUSINESS
By BLOOMBERG NEWS | June 3, 2000
NEW YORK - U.S. stocks soared after a government report showed new jobs and wages grew less than expected last month. BroadVision Inc. and Conexant Systems Inc. were among the biggest gainers in the Nasdaq composite index. The Nasdaq finished the best week in its 29-year history, as the report boosted optimism the Federal Reserve will limit interest-rate increases and keep the record nine-year economic expansion going. Securities firms, including Morgan Stanley Dean Witter & Co., gained on expectations of higher revenue from fees as investors buy stocks.
BUSINESS
By BLOOMBERG NEWS | December 13, 1997
NEW YORK -- U.S. stocks fell yesterday for the fifth day in a row, battered by the worsening economic crisis in Korea, as plunging technology shares sent the Nasdaq composite index to its worst weekly decline in seven years.Cisco Systems Inc. and Microsoft Corp. led the drop."There's no doubt about it, technology is in a bear market," said Robert Streed, a money manager with Northern Trust Co. in Chicago, which oversees $130 billion, referring to a sustained period of stock market declines.
BUSINESS
By BLOOMBERG NEWS | June 9, 1998
NEW YORK -- U.S. stocks rose yesterday for a third day, as a brighter outlook for profits lured investors back into the market after a six-week slump.Financial shares gained after a $34 billion merger agreement between Wells Fargo & Co. and Norwest Corp.Friday's report on the U.S. labor market, which showed a growing economy with no inflation, reassured investors that profits would grow fast enough to keep stocks moving higher.The Dow Jones industrial average rose 31.89 to 9,069.60, adding to Friday's 167-point gain.
BUSINESS
By BLOOMBERG NEWS | September 11, 1997
NEW YORK -- U.S. stocks fell yesterday on concern that plunging Southeast Asian currencies will hurt profits at Procter & Gamble Co., International Business Machines Corp. and others that depend on business outside the United States."People are worried that Asia is going into the tank, and that will cause a lot of companies to slow down," said Rex Wardlaw, a money manager with Wells Capital Management, which oversees $38 billion.P&G, down $4.375 to $129.4375, led the Dow industrial average to its biggest decline in almost four weeks.
BUSINESS
By BLOOMBERG NEWS | December 17, 1998
Stocks fell in a seesaw session yesterday after Minnesota Mining & Manufacturing Co. became the 10th member of the Dow Jones industrial average to warn that earnings would not meet expectations.Exxon Corp. and other oil shares gained as a military strike against Iraq, launched after exchanges closed, threatened to disrupt the flow of oil from the Middle East. The market pared losses on the prospect that the attack would delay a congressional vote on whether to impeach President Clinton.The Dow industrials fell 32.70, or 0.4 percent, to 8,790.
BUSINESS
By BLOOMBERG NEWS | August 22, 1997
NEW YORK -- U.S. stocks sank with bonds yesterday as the Dow Jones industrial average skidded 127 points, snapping its streak of three consecutive 100-point gains."
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF Bloomberg News contributed to this article | April 28, 1998
Stocks were battered yesterday on fears that the Federal Reserve Board is leaning toward raising interest rates to cool the country's red hot economy.From financials to technology stocks, companies across the board were pounded early in the day, but managed to trim losses in late afternoon trading.The Dow Jones industrial average fell 146.98 points, or 1.62 percent, to close at 8,917.64. It managed to claw back after being down 223.95 points. Nevertheless, only four of the 30 stocks traded on the closely watched index of blue-chip companies posted gains.
BUSINESS
By BLOOMBERG NEWS | April 27, 2000
U.S. stocks fell as Minnesota Mining and Manufacturing Co. and Procter & Gamble Co. forecast that sales and earnings growth would slow, leading the Dow Jones industrial average to its first loss in four sessions. "If people aren't pleased with both earnings and revenue, they're taking the skin off these stocks," said Bill Rhodes, chief investment strategist at Williams Capital Group LP. "The ones that are beating [estimates] are going along reasonably well." The Dow industrials dropped 179.32, or 1.6 percent, to 10,945.
BUSINESS
By BLOOMBERG NEWS | December 17, 1998
Stocks fell in a seesaw session yesterday after Minnesota Mining & Manufacturing Co. became the 10th member of the Dow Jones industrial average to warn that earnings would not meet expectations.Exxon Corp. and other oil shares gained as a military strike against Iraq, launched after exchanges closed, threatened to disrupt the flow of oil from the Middle East. The market pared losses on the prospect that the attack would delay a congressional vote on whether to impeach President Clinton.The Dow industrials fell 32.70, or 0.4 percent, to 8,790.
BUSINESS
By BLOOMBERG NEWS | September 2, 1998
NEW YORK -- U.S. stocks rebounded yesterday from the second-worst decline in the 1990s, with technology shares leading the climb, followed by companies whose shares appeared to have been beaten down further than warranted by their earnings outlooks.Broad market indexes again yesterday mirrored the Dow Jones industrial average, the Standard & Poor's 500 index and the Nasdaq composite, with most of them gaining about half what they had lost in Monday's market plunge.The Russell 2,000 index, which tracks small capitalization stocks, jumped 10.15 to 348.10; the Wilshire 5,000 index gained 304.30 to 11,106.
BUSINESS
By BLOOMBERG NEWS | July 3, 1998
NEW YORK -- U.S. stocks declined yesterday in the third-lightest trading session of the year, after government reports on jobs and manufacturing suggested that profits could suffer from a slowing economy.Parametric Technology Corp. was the biggest decliner, after warning that its earnings are being hurt by slack demand for its software in Asia.The Dow Jones industrial average fell 23.41, to 9,025.26. The Standard & Poor's 500 index dropped 2.14, to 1,146.42. The Nasdaq composite index had its biggest loss since June 15, sliding 20.46, or 1.07 percent, to 1,894.
BUSINESS
By BLOOMBERG NEWS | June 20, 1998
NEW YORK -- U.S. stocks fell yesterday on concern that plans to fix Japan's ailing economy won't take effect soon enough to help U.S. corporate earnings in coming months.Cooper Industries Inc. tumbled after warning that its second-quarter profit will be disappointing, partly because of slow Southeast Asian orders.The Dow Jones industrial average fell 100.14 to 8,712.87. The 30-stock average dropped for a second day after jumping 164 points Wednesday, and lost 1.4 percent for the week.The Standard & Poor's 500 index fell 5.72 to 1,100.
BUSINESS
By BLOOMBERG NEWS | June 13, 1998
NEW YORK -- U.S. stocks closed mixed yesterday, as late-day rallies in oil and drug shares erased a 127-point loss in the Dow Jones industrial average, offsetting a slump in the companies most dependent on sales to economically troubled Asia.The Dow finished up 23.17 to 8,834.94, after falling to a three-month low of 8,684.22. Chevron Corp. led the way, rising $3.3125 to $81.25. A drop in the price of oil to below $13 a barrel sent oil shares tumbling this week, and some investors are speculating that crude prices are near a bottom.
BUSINESS
By BLOOMBERG NEWS | April 27, 2000
U.S. stocks fell as Minnesota Mining and Manufacturing Co. and Procter & Gamble Co. forecast that sales and earnings growth would slow, leading the Dow Jones industrial average to its first loss in four sessions. "If people aren't pleased with both earnings and revenue, they're taking the skin off these stocks," said Bill Rhodes, chief investment strategist at Williams Capital Group LP. "The ones that are beating [estimates] are going along reasonably well." The Dow industrials dropped 179.32, or 1.6 percent, to 10,945.
BUSINESS
By BLOOMBERG NEWS | July 3, 1998
NEW YORK -- U.S. stocks declined yesterday in the third-lightest trading session of the year, after government reports on jobs and manufacturing suggested that profits could suffer from a slowing economy.Parametric Technology Corp. was the biggest decliner, after warning that its earnings are being hurt by slack demand for its software in Asia.The Dow Jones industrial average fell 23.41, to 9,025.26. The Standard & Poor's 500 index dropped 2.14, to 1,146.42. The Nasdaq composite index had its biggest loss since June 15, sliding 20.46, or 1.07 percent, to 1,894.
BUSINESS
By BLOOMBERG NEWS | June 9, 1998
NEW YORK -- U.S. stocks rose yesterday for a third day, as a brighter outlook for profits lured investors back into the market after a six-week slump.Financial shares gained after a $34 billion merger agreement between Wells Fargo & Co. and Norwest Corp.Friday's report on the U.S. labor market, which showed a growing economy with no inflation, reassured investors that profits would grow fast enough to keep stocks moving higher.The Dow Jones industrial average rose 31.89 to 9,069.60, adding to Friday's 167-point gain.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF Bloomberg News contributed to this article | April 28, 1998
Stocks were battered yesterday on fears that the Federal Reserve Board is leaning toward raising interest rates to cool the country's red hot economy.From financials to technology stocks, companies across the board were pounded early in the day, but managed to trim losses in late afternoon trading.The Dow Jones industrial average fell 146.98 points, or 1.62 percent, to close at 8,917.64. It managed to claw back after being down 223.95 points. Nevertheless, only four of the 30 stocks traded on the closely watched index of blue-chip companies posted gains.
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