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By BLOOMBERG NEWS | August 25, 1998
NEW YORK -- U.S. stocks were mixed yesterday as Texaco Inc. and other companies that depend on economic growth to increase profits fell, while drugmakers such as American Home Products Corp. gained.The Dow Jones industrial average rose 32.96 to 8,566.61.The Standard & Poor's 500 index gained 6.96 to 1,088.14 but the Nasdaq composite index declined 6.79 to 1,790.82.Among other broad indexes, the Russell 2,000 index of small capitalization stocks slid 1.94 to 393.70; the Wilshire 5,000 index gained 38.66 to 10,035.
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BUSINESS
By BLOOMBERG NEWS | June 23, 1998
NEW YORK -- U.S. stocks generally rose yesterday, led by Intel Corp. and other computer-related shares that advanced on expectations that their worst days are behind them.The glut of personal computers is over, and demand for semiconductors is likely to pick up soon, analysts and investors said.The Nasdaq composite index, dominated by computer issues, gained 24.53, or 1.4 percent, to 1,805.82, its first trip above 1,800 in nine sessions. That outpaced the Dow Jones industrial average, which fell 1.74 to 8,711.
BUSINESS
By BLOOMBERG NEWS | April 19, 1997
NEW YORK -- U.S. stocks rose in a topsy-turvy session yesterday, apparently lifted by unexpectedly strong earnings from Microsoft Corp. Yesterday's gains capped the Dow Jones industrial average's best week since December 1991."
BUSINESS
By BLOOMBERG NEWS | September 17, 1998
NEW YORK -- The Dow Jones industrial average, spurred by a late-day rally, finished up again yesterday, logging its first four-day gain since June.Computer-guided buying spurred the rally, with one program adding 94 points to the Dow industrials 15 minutes before the close, according to Birinyi Associates, a Greenwich, Conn., market research firm.Traders also said the market benefited after President Clinton indicated that he will stay in office.The Dow industrials finished at 8,089.78 with a gain of 65.39, led by Eastman Kodak Co., after falling 61 points.
BUSINESS
By BLOOMBERG NEWS | October 22, 1998
NEW YORK -- U.S. stocks rose for a sixth straight day, after Microsoft Corp. and International Business Machines Corp. reported better-than-expected quarterly profits."
BUSINESS
By BLOOMBERG NEWS | November 6, 1997
NEW YORK -- Better-than-expected profits at Cisco Systems Inc. boosted computer networking companies' shares yesterday, while expectations of falling crude prices hurt oil producers.The Dow Jones industrial average rose 3.44 to 7,692.57, eking out gains for a second day and coming within 23 points of wiping out the 554-point loss it suffered Oct. 27. At its high yesterday, the Dow was up 76 points.KLA-Tencor rose 62.5 cents to $52.3125, a day after the company said customers in Asia haven't canceled orders.
BUSINESS
By Bloomberg Business News | September 30, 1992
NEW YORK -- U.S. stocks closed mixed yesterday despite overhanging concerns about the economic recovery, the earnings outlook and the possible re-emergence of Ross Perot in the presidential election.The Dow Jones industrial average declined 9.46, to 3266.80, but advancing common stocks outnumbered declining issues by a narrow margin on the New York Stock Exchange. The NASDAQ Combined Composite index gained 2.29, to 577.63, Standard & Poor's 500 index climbed 0.18, to 416.80 and the NYSE Composite index rose 0.20, to 228.90.
BUSINESS
By Bloomberg Business News | January 21, 1994
NEW YORK -- U.S. stocks closed higher yesterday as late rallies in Procter & Gamble and AlliedSignal drove the Dow Jones industrial average to a record.Rebounds in computer stocks, meantime, helped the Nasdaq Combined Composite Index match its record close, set Tuesday.Stocks were buoyed by better-than-expected earnings from leading consumer products companies such as Kimberly-Clark and high technology bellwethers such as Microsoft, Tandem Computer, AST Research and Conner Peripherals, traders said.
BUSINESS
By Bloomberg Business News | March 14, 1995
NEW YORK -- U.S. stocks closed mixed yesterday as optimism about rising earnings and stable interest rates competed with a drop in bank stocks and Walt Disney Co.The Standard & Poor's 500 index rose to a new high for a second day and the Nasdaq composite index broke a year-old record. The Dow Jones industrial average stumbled amid declines in J.P. Morgan & Co., Disney and AT&T Corp."We are seeing what I would consider to be, under normal circumstances, extraordinary strength in bond and stock markets," especially at a time when the dollar has fallen to post-World War II lows against the German mark and Japanese yen, said Alfred Kugel, chief investment strategist at $25-billion Stein Roe & Farnham in Chicago.
BUSINESS
By BLOOMBERG NEWS | March 26, 1997
NEW YORK -- U.S. stocks fell yesterday after the Federal Reserve raised interest rates, sparking concern that economic expansion and corporate profits will suffer this year.Aluminum Co. of America, International Paper Co. and Union Pacific Corp. paced the decline, which came after the central bank raised the overnight bank lending rate to 5.50 percent from 5.25 percent. Though the move was expected, investors worried that spending by consumers and businesses will begin to slow.The Dow Jones industrial average fell 29.08 to 6,876.
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