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BUSINESS
By BLOOMBERG NEWS | July 30, 1998
NEW YORK -- U.S. stocks fell yesterday for the sixth time in eight days, amid concern that earnings growth isn't keeping up with stock prices.The Dow Jones industrial average fell 19.82 to 8,914.96, led by Wal-Mart, down $2.5625 to $60.875.The Standard & Poor's 500 index lost 5.02 to 1,125.22, and the Nasdaq composite index dropped 15.04 to 1,881.49.Among other broad indexes, the Russell 2,000 index of small capitalization stocks slid 1.35 to 426.19; the Wilshire 5,000 index fell 45.66 to 10,469.
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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 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 | 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 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 | February 12, 1997
NEW YORK -- U.S. stocks rose yesterday, powered by a late-day rebound in International Business Machines Corp., as investors reappraised the profit outlook for the bellwethers of the computer industry.Cisco Systems Inc., Microsoft Corp. and other computer shares recovered from a sell-off that began last week when analysts warned that Intel Corp. may not duplicate its 1996 growth rate. Semiconductor and software stocks led the market to records last year.The Dow Jones industrial average closed 51.57 higher at 6,858.
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.
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