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By BLOOMBERG NEWS | February 4, 1998
NEW YORK -- U.S. stocks rose for a second day yesterday, led by bank and semiconductor shares on expectations that their profits will weather an economic slowdown in Asia.Intel Corp. and J. P. Morgan & Co., which slumped in recent months, led the day's advance.The Dow Jones industrial average rose 52.57 to 8,160.35, more than erasing a 50-point drop at the start of trading. The Dow is now within 100 points of its Aug. 6 record.The Standard & Poor's 500 index rose 4.72 to 1,005.99, its second straight record.
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BUSINESS
By BLOOMBERG NEWS | July 28, 1998
NEW YORK -- U.S. stocks finished mixed yesterday after a late-day surge led by computer companies and American Express Co., which reported better-than-expected earnings.The Dow Jones industrial average rose 90.88, or 1 percent, to 9,028.24, after having been down 81 points.The Standard & Poor's 500 index rose 6.47 to 1,147.27, and the Nasdaq composite index rose 2.27 to 1,933.26, snapping back from a 43-point loss.The rally was narrow. Decliners outnumbered advancers by a 2-to-1 ratio on the New York Stock Exchange.
BUSINESS
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.
BUSINESS
By BLOOMBERG NEWS | September 23, 1998
NEW YORK -- U.S. stocks were mixed yesterday as investors bought drugmakers such as Pfizer Inc. as havens from slowing )) economies worldwide.Coca-Cola Co., which gets 85 percent of its revenue abroad, dragged down the Dow Jones industrial average. The Dow fell 36.05 to 7,897.20, with Coke accounting for almost one-third of the drop.The Standard & Poor's 500 index rose 5.74 to 1,029.63. The Nasdaq composite index climbed 17.37 to 1697.80.Among other broad indexes, the Russell 2000 index of small companies outperformed the Dow, S&P 500 and Nasdaq, rising 5.60, or 1.5 percent, to 368.24; the Wilshire 5,000 index gained 71.12 to 9,452.
BUSINESS
By BLOOMBERG NEWS | November 18, 1998
NEW YORK -- U.S. stocks were mixed yesterday, after a rally sparked by a Federal Reserve interest rate cut fizzled. Hewlett-Packard Co. declined after warning of lower earnings, offsetting a rally in brokerages such as Merrill Lynch & Co.The Dow Jones industrial average closed 24.97 lower at 8,986.28, with Hewlett-Packard accounting for all of the loss. The Dow had jumped 91 points after the Fed announcement, rebounding from a 82-point drop.The Standard & Poor's 500 index rose 3.45, to 1,139.
BUSINESS
By Andrew Leckey | March 20, 2005
A little knowledge can be harmful. Six years ago, my retired neighbor related to me why he had chosen to invest in a number of technology stocks. Each new holding was a breakthrough company, he explained, and his prior success with other tech stocks provided a firm foundation for taking everything to a higher level. This former stockbroker was advised by a son who worked in computers. Together, they constituted an investment team that would greatly enhance his retirement finances, he explained.
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.
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 | 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.
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