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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.
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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 | 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 Business News | July 13, 1995
NEW YORK -- U.S. stocks soared to record highs as better-than-expected earnings from Motorola Inc. helped restore confidence that second-quarter profits won't disappoint shareholders.Alliance Semiconductor Inc. and Seagate Technology Inc. added to the strength in tech stocks by posting better-than-expected earnings.The Nasdaq composite index, loaded with shares of technology companies, posted its biggest advance this year and its third-largest ever, up 18.41 to a record 988.63.Bank stocks got a big boost when First Chicago Corp.
BUSINESS
By BLOOMBERG NEWS | November 14, 1997
NEW YORK -- U.S. stocks rose yesterday on expectations that the economic slowdowns in Asia and Latin America ultimately will benefit companies by keeping U.S. interest rates low. AT&T Corp. led a rally in telephone shares.The Dow Jones industrial average rose 86.44 to 7,487.76. The Dow began the day with an 87-point gain, tumbled to a 51-point loss and bounced back in a furious rally late in the session.Federal Reserve Chairman Alan Greenspan told Congress yesterday that weakening economies in Asia will brake U.S. growth.
BUSINESS
By BLOOMBERG NEWS | December 6, 1997
NEW YORK -- U.S. stocks rallied yesterday after a Labor Department report showed a surprisingly large jump in employment.The Standard & Poor's 500 index set a record for the first time in almost two months, climbing 10.69 to 983.79, its first record since Oct. 7. Oil industry shares such as Exxon Corp. and Rowan Cos., which do best when the economy is expanding, led the gains.The Dow Jones industrial average rose 98.97 to 8,149.13. The Dow gained 326 points this week, its best weekly performance since mid-June, and is 110 points from its record high.
BUSINESS
By BLOOMBERG NEWS | September 20, 1997
NEW YORK -- U.S. stocks were mixed yesterday as rising bank and consumer issues softened the blow delivered by Union Carbide Corp., which warned of weak sales ahead."
BUSINESS
By New York Times News Service | April 17, 1993
NEW YORK -- The Dow Jones industrial average closed at an all-time high yesterday -- by 0.27 point -- partly because of computerized trading programs timed to go off when the Dow approaches a high.The Dow rose 22.69 points, to 3,478.61, exceeding its March 10 high of 3,478.34. But the slight rise in the broader-based Standard & Poor's 500 index provided a better measure of what much of this week's trading seemed to be: meandering.Amid no clear indication of whether the economy is strengthening, the market's performance yesterday was a tale of these two indexes.
BUSINESS
By BLOOMBERG NEWS | August 23, 1997
NEW YORK -- U.S. stocks fell yesterday for a second day, although the Dow Jones industrial average recovered 170 points of losses in a late-day surge.Investors snapped up battered stocks such as AlliedSignal Inc. and International Business Machines Corp. in the last hour of trading, helping the Dow finish the day down 6.04 at 7,887.91 after having fallen 177."This market has an awful lot of resilience; it amazes everybody," said Warren Simpson, a managing director at Stephens Capital Management Inc. in Little Rock, Ark., which manages $600 million.
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