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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.
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BUSINESS
By BLOOMBERG BUSINESS NEWS | January 22, 1997
NEW YORK -- U.S. stocks set several records yesterday, as Chrysler Corp. and Exxon Corp. added to the steady stream of unexpectedly strong fourth-quarter profits."
BUSINESS
By BLOOMBERG NEWS | May 9, 1997
NEW YORK -- U.S. stocks jumped yesterday as bonds rose and optimism reigned for corporate profits.Oil, telephone and computer companies all gained. The Dow Jones industrial average rose 50.97 to 7136.62, snapping back from Wednesday's 140-point swoon. Computer-guided "sell" programs in the last half-hour cut the Dow's gains by half.International Business Machines Corp. paced the advance, rising to $167.375.The Standard & Poor's 500 index rose 4.66 to 820.28, as Exxon Corp., Wal-Mart Stores, Intel Corp.
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 | August 28, 1997
NEW YORK -- U.S. stocks rose yesterday for the first time in a week, led by Exxon Corp. and Schlumberger Ltd. on optimism about profits for oil exploration and service companies.The Dow Jones industrial average rose 5.11 to 7,787.33, overcoming an 84-point drop.About four stocks advanced for every three that fell, with 492 million shares traded -- about 94 percent of the three-month daily average. The Standard & Poor's 500 index rose 0.68 points to 913.70. The Nasdaq composite index rose 4.24 to 1,595.
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.
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