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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 | 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 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 | 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.
BUSINESS
By Bloomberg Business News | March 12, 1993
NEW YORK -- Stocks fell yesterday for the first time this week amid discouraging news about the economy."Investors backed away from this market after watching it hit all-time highs for three straight days," said Jon Groveman, president of Ladenburg, Thalmann & Co.The Dow Jones industrial average dropped 21.34 points, to 3,457.00. The Dow bounced from a session high of 3,479.69 to a session low of 3,450.51 before closing down on the day. It was only the third time in the past 12 sessions that the Dow has declined.
BUSINESS
By BLOOMBERG NEWS | May 1, 1998
NEW YORK -- U.S. stocks rallied again yesterday, sending the Dow Jones industrial average to its biggest gain in four weeks, after reports showing fast economic growth with little inflation made it more likely that interest rates will remain tame and earnings robust.General Electric Co., Coca-Cola Co. and Merck & Co. led an advance that enabled the Standard & Poor's 500 index to finish April with a 1 percent gain rather than a 0.7 percent loss.The 30-stock Dow average rallied 111.85 to 9,063.
BUSINESS
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.
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.
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