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By Bloomberg Business News | August 17, 1995
NEW YORK -- U.S. stocks rose yesterday as technology shares rallied, sending the Nasdaq composite index to its second record high this week, after Applied Materials Inc. and Hewlett-Packard Co. posted better-than-expected earnings.Applied Materials announced last night that demand for computer chips helped it to more than double its earnings last quarter. The company's shares, among the most actively traded on U.S. exchanges, surged $14.50, to $118.25. And Hewlett-Packard's shares soared $4.50, to $82.375, after the computer maker reported earnings rose 66 percent last quarter.
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BUSINESS
By New York Times News Service | May 22, 1993
NEW YORK -- The stock market fell broadly yesterday in moderately heavy trading, as the "double witching hour" added a final bit of turmoil to a hectic week.The Dow Jones industrial average gyrated wildly after setting records for two consecutive days. It fell sharply after the opening bell, recovered quickly by 10 a.m., and languished for much of the day. But around 3 p.m., the Dow plunged in earnest, losing some 46 points, following a rise in gold prices in the afternoon.The Dow closed down 30.45 points, to 3,492.
BUSINESS
By BLOOMBERG NEWS | December 17, 1997
NEW YORK -- U.S. stocks rose for a second day yesterday, as a rally in South Korean markets gave investors confidence to buy beaten-down stocks such as Global Marine Inc. and Cisco Systems Inc."Many stocks were down the last few days, and investors who have a time horizon of more than a week saw an opportunity," said Philip Schettewi, who oversees $4 billion as chief of the Washington, D.C., office of Loomis, Sayles & Co. "It's another case of investors buying on the dips, which overall has been a good strategy."
BUSINESS
By BLOOMBERG NEWS | February 7, 1998
NEW YORK -- U.S. stocks rose yesterday after the government said the economy created more jobs than expected in January. Procter & Gamble Co., Caterpillar Inc. and Sears, Roebuck & Co. gained on optimism that sales will improve in coming months.The Dow Jones industrial average climbed 72.24 to 8,189.49, the closest it's gotten this year to its Aug. 6 record of 8,259.31; the Standard & Poor's 500 index rose 8.92 to 1,012.46, its fourth record close this week; and the Nasdaq composite index gained 17.45 to 1,694.
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 Business News | July 13, 1995
NEW YORK -- U.S. stocks soared to record highs as better-than-expected earnings from Motorola Inc. helped restore confidence that second-quarter profits won't disappoint shareholders.Alliance Semiconductor Inc. and Seagate Technology Inc. added to the strength in tech stocks by posting better-than-expected earnings.The Nasdaq composite index, loaded with shares of technology companies, posted its biggest advance this year and its third-largest ever, up 18.41 to a record 988.63.Bank stocks got a big boost when First Chicago Corp.
BUSINESS
By BLOOMBERG NEWS | November 14, 1997
NEW YORK -- U.S. stocks rose yesterday on expectations that the economic slowdowns in Asia and Latin America ultimately will benefit companies by keeping U.S. interest rates low. AT&T Corp. led a rally in telephone shares.The Dow Jones industrial average rose 86.44 to 7,487.76. The Dow began the day with an 87-point gain, tumbled to a 51-point loss and bounced back in a furious rally late in the session.Federal Reserve Chairman Alan Greenspan told Congress yesterday that weakening economies in Asia will brake U.S. growth.
BUSINESS
By BLOOMBERG BUSINESS NEWS | February 1, 1997
NEW YORK -- U.S. stocks advanced for a third day yesterday after a report on economic growth in the fourth quarter showed the economy is steaming ahead with few signs of inflation.The Dow Jones industrial average fell 10.77 to 6,813.09, while in the broad market higher prices for Intel Corp. and Cisco Systems Inc. drove up the Standard & Poor's 500 index by 1.99 to 786.16, less than a point below its Jan. 22 all-time high, and the Nasdaq composite index by 8.83 to 1,379.85.The Dow industrials climbed for most of the day, until a late-day decline in General Electric Co., General Motors Corp.
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 | December 6, 1997
NEW YORK -- U.S. stocks rallied yesterday after a Labor Department report showed a surprisingly large jump in employment.The Standard & Poor's 500 index set a record for the first time in almost two months, climbing 10.69 to 983.79, its first record since Oct. 7. Oil industry shares such as Exxon Corp. and Rowan Cos., which do best when the economy is expanding, led the gains.The Dow Jones industrial average rose 98.97 to 8,149.13. The Dow gained 326 points this week, its best weekly performance since mid-June, and is 110 points from its record high.
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