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BUSINESS
October 20, 2005
NEW YORK -- Stocks soared yesterday, with the Dow Jones industrials gaining 128 points as a sharp drop in crude oil prices and a reassuring assessment of the economy helped investors overcome their disappointment over Intel Corp.'s earnings and troubling sales forecasts. "There are some signs on the wall here that we may have hit the bottom of this market, and we could be ready to move up," said Chris Johnson, manager of quantitative analysis at Schaeffer's Investment Research in Cincinnati.
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BUSINESS
By Bloomberg Business News | February 12, 1993
NEW YORK -- U.S. stocks advanced yesterday on reports of strong demand during the final leg of the Treasury's $35.5 billion debt sale.The stock market also was bolstered by rallies in leading companies such as Allied-Signal Inc., Sears, Roebuck & Co. and General Motors Corp. The Dow Jones industrial average ended a three-day slide by rising 10.27, to 3422.69.The Dow industrials were buoyed by the 3/4 -point gain in the benchmark 30-year bond, as the yield fell 5 basis points, to 7.20 percent.
BUSINESS
By BLOOMBERG NEWS | January 1, 1999
NEW YORK -- U.S. stocks were mixed yesterday, but the Nasdaq composite index, full of software, semiconductor and computer makers' shares, set another record. It rose 25.74 to close at 2,192.69 and finish the year with a 40 percent gain.The Nasdaq-100 index of the Nasdaq market's largest stocks finished the year up 86 percent, the best showing in its 14-year history.Large shares fell, but small companies had their best day in two months as investors completed tax-related selling on the final day of 1998.
BUSINESS
By Bloomberg Business News | February 3, 1993
NEW YORK -- U.S. stocks closed mixed yesterday as slumping drug stocks offset more positive news about the economic recovery.The Dow Jones industrial average fell for only the second time in the past nine sessions, declining 3.51, to 3328.67. The index rebounded about 10 points in the final hour of trading from a session low of 3318.67.The broader stock market averages received a boost from a government report that the index of leading economic indicators advanced 1.9 percent in December, the biggest gain since April 1983.
BUSINESS
By BLOOMBERG NEWS | February 22, 1997
NEW YORK -- U.S. stocks were mixed amid yesterday concern that 1997's 10 percent surge in share prices has run out of steam. Losses in Intel Corp. and other computer-related shares hampered the market for a third day.The Dow Jones industrial average rose 4.24 to 6,931.62, after seesawing between a 23-point gain and a 21-point loss. The Dow ended the week 7.5 percent higher than it began the year seven weeks ago.The Standard & Poor's 500 index fell 1.03 to 801.77 and the Nasdaq composite index fell 13.08 to 1,334.
BUSINESS
By BLOOMBERG NEWS | November 19, 1997
NEW YORK -- U.S. stocks fell yesterday for the first time in four days amid lingering concern that slowing Asian economies will cut U.S. corporate profits. Avon Products Inc. plunged after warning of lower overseas earnings.The Dow Jones industrial average fell 47.40 to 7,650.82, after rising 4 percent in the last three days. The Standard & Poor's 500 index fell 7.97 to 938.23. The Nasdaq composite index lost 13.67 to 1,600.44.Schlumberger Ltd. and other oil field service and equipment stocks, some of this year's best-performing shares, tumbled the most as investors sold them in favor of other shares with more potential for gains.
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 NEWS | August 30, 1997
NEW YORK -- U.S. stocks fell yesterday, concluding their worst month in seven years, on concern that Coca-Cola Co. and other big stocks that led the market's surge to records are too expensive, given their earnings prospects. Small and computer-related stocks rose."Investors continue to take money out of the big stocks, which have had the biggest gains in recent years," said Bill O'Hearn, a money manager with Anchorage-based McKinley Capital Management, which oversees $1.2 billion. "They're flocking to the computer stocks, which they think will have better-than-expected earnings."
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 | March 8, 1997
NEW YORK -- U.S. stocks rose yesterday on signs that the economy is growing with little inflation, boosting chances for improving earnings and stable corporate borrowing costs. Citicorp and other financial shares paced the gain.Stocks responded to a Labor Department report showing that the economy added an unexpectedly large number of jobs last month while wages rose a smaller-than-forecast 3 cents an hour. The Federal Reserve may put off raising interest rates at a March 25 meeting because the economy isn't overheating, analysts said.
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