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BUSINESS
By Bloomberg Business News | August 8, 1995
NEW YORK -- U.S. stocks gained yesterday, led by paper, electrical equipment and computer chip shares, amid expectations corporate profits will grow faster as the economy expands."
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BUSINESS
By WILLIAM SLUIS and WILLIAM SLUIS,CHICAGO TRIBUNE | October 11, 2005
For investors who worry about rising interest rates, what comes next may well be the tough part. Despite 11 increases in short-term rates in just over 15 months, Federal Reserve members are indicating there will be no quick end to their campaign to tighten credit. Don't be surprised if the central bank makes at least two more interest-rate moves before Fed Chairman Alan Greenspan departs in late January, which would bring its short-term lending barometer to 4.25 percent, said Bannockburn, Ill.-based mutual fund manager Henry Van der Eb. Other economists say the rate could hit 5.5 percent next year.
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BUSINESS
By Bloomberg Business News | January 10, 1995
NEW YORK -- U.S. stocks closed mixed yesterday as losses in drug shares offset a gain in food shares triggered by a $2.6 billion takeover agreement for Pet Inc.Semiconductor shares also rose, amid signs of brisk European sales and anticipation of Motorola Inc.'s fourth-quarter earnings, due for release later yesterday.Drug companies fell along with other consumer-products shares as investors flocked to so-called cyclical stocks, such as automobiles and paper producers, which are expected to show better earnings growth this year, analysts said.
BUSINESS
By BLOOMBERG NEWS | June 15, 1999
NEW YORK -- The Dow Jones industrial average gained, led by DuPont Co. and General Electric Co., on expectations that manufacturers will be able to raise prices for their goods, but more stocks fell than rose as the Nasdaq composite index suffered its biggest drop in 10 days as Internet shares slumped.The Dow rose 72.82 to 10,563.33 after four straight losses. The Nasdaq lost 49.57, or 2 percent, to 2,398.31, its biggest drop since June 1. The Standard & Poor's 500 index rose 0.36 to 1,294.
BUSINESS
By BLOOMBERG BUSINESS NEWS | June 26, 1996
NEW YORK -- U.S. stocks were mixed yesterday as auto and paper issues retreated on concern earnings will fall short of analyst estimates, and Johnson & Johnson and Merck & Co., whose profits aren't so dependent on a buoyant economy, rose.Reports showing meager growth in U.S. home sales and waning consumer confidence in the economy's prospects hurt shares of companies whose products sell best when businesses and shoppers think they'll have more money to spend tomorrow than they have today.
BUSINESS
By New York Times News Service | June 12, 1992
NEW YORK -- The Dow Jones industrial average has been the star of the stock market firmament in 1992. And that in itself might be a bad sign.Only twice in the last decade has the Dow's performance, been so much better than the broadly based Standard & Poor's 500. And those times, said Byron R. Wien, the chief U.S. equity strategist for Morgan Stanley, were not great times to buy stocks.The first time was in the early fall of 1987, shortly before the 1987 stock market crash, which drove the entire market down sharply.
BUSINESS
By Bloomberg Business News | August 18, 1995
NEW YORK -- U.S. stocks were mixed yesterday after weaker-than-expected earnings at farm equipment maker Deere & Co. raised concern that corporate profits are shrinking. Gains in computer and software issues offset the decline."The disappointment from Deere has put a cloud over the market today," said Franklin Morton, director of research at Ariel Capital Management in Chicago, which manages $1.6 billion.The Dow industrial average slipped 8.45, to 4,630.63, as cyclical stocks, or shares of companies whose earnings are sensitive to economic swings, declined.
BUSINESS
By Julius Westheimer | June 20, 1991
Slumping 31 points, the Dow Jones average closed yesterday at 2,955.50 on volume of 156 million shares. Twenty-five years ago, on June 19, 1966 -- the 25th anniversary of the date the Orioles tried to celebrate yesterday -- the Dow index closed at 894.26 on volume of about seven million shares.LOOKING AHEAD: "Stock market indicators on the whole are HTC positive." (Martin Zweig). . . "Dow should rise to 3,436 in the fall, but then we see a correction to 2,787, followed by a rise to a major peak of 4,047 in 1993."
BUSINESS
By BLOOMBERG BUSINESS NEWS | October 31, 1995
NEW YORK -- U.S. stocks advanced yesterday for a second day, boosted by software developer Novell Inc. and other high-technology companies, including Microsoft Corp., Intel Corp. and International Business Machines Corp.Reports last week of unexpectedly strong orders for durable goods and third-quarter economic growth brightened the business outlook for technology companies, analysts said.The Dow Jones Industrial Average rose 14.82, to 4,756.57, as Aluminum Co. of America, IBM and Exxon Corp.
BUSINESS
By Bloomberg Business News | August 2, 1995
NEW YORK -- U.S. stocks fell for a third day after a report showing a rebounding economy raised concern that interest rates will move higher and hurt corporate profits. Takeover activity helped to temper the losses."Too many people have been in the camp that rates and inflation are going lower," said John Rogers, chief investment officer at Ariel Capital Management, which manages $1.6 billion. "We've become a believer that ultimately rates are going to go higher."Gains in Walt Disney Co. and Westinghouse Electric Corp.
BUSINESS
By JULIUS WESTHEIMER | June 2, 1999
HERE ARE SOME of the smartest ways to increase value from your investments: "Although cyclical `value' stocks are unpopular, many are good values these days," says contrarian David Dreman. "Investing in companies with low price-earnings ratios is the smartest way to go.""Sure, tax-free municipal bonds are confusing, but get to know them. They provide safety -- especially in a `nosebleed' market like this one, and you'll never share your profits with Uncle Sam." (Working Woman)"Find companies that raise payouts frequently.
BUSINESS
By BLOOMBERG NEWS | April 30, 1998
NEW YORK -- U.S. stocks rose yesterday for the first time in five days, as computer and electrical equipment companies gained on expectations that a strong economy will boost profits."
BUSINESS
By BLOOMBERG NEWS | March 26, 1997
NEW YORK -- U.S. stocks fell yesterday after the Federal Reserve raised interest rates, sparking concern that economic expansion and corporate profits will suffer this year.Aluminum Co. of America, International Paper Co. and Union Pacific Corp. paced the decline, which came after the central bank raised the overnight bank lending rate to 5.50 percent from 5.25 percent. Though the move was expected, investors worried that spending by consumers and businesses will begin to slow.The Dow Jones industrial average fell 29.08 to 6,876.
BUSINESS
By BLOOMBERG NEWS | March 13, 1997
NEW YORK -- U.S. stocks fell yesterday, following bonds, as a Federal Reserve report failed to quell concern that interest rates may be headed higher this year."
BUSINESS
By BLOOMBERG BUSINESS NEWS | October 1, 1996
NEW YORK -- U.S. stocks rose yesterday, and the Standard & Poor's 500 index reached its first record in seven sessions, as the best new home sales in a decade spurred optimism that companies can prosper even with higher interest rates.Computer-guided sell orders prompted a late decline, which was exaggerated as money managers who mimic the performance of the S&P 500 Index sold shares to make room for Lucent Technologies Inc. The communications company, spun off from AT&T Corp., was being added to the benchmark index after the close of trading yesterday.
BUSINESS
By BLOOMBERG BUSINESS NEWS | August 9, 1996
NEW YORK -- U.S. stocks retreated yesterday for the second time this week as rising Treasury bond yields threatened to make financial and telephone shares less attractive, and Procter & Gamble Co. slumped.The Dow Jones industrial average fell to 5,713.49, down 5.18. P&G alone knocked almost 9 points off the Dow, one day after the 30-stock average rose within 1 percent of its May 22 peak. Since sliding in mid-July, the Dow has rebounded more than 500 points, or 10 percent.In the broader market, the Standard & Poor's 500 index fell to 662.59, a 1.57-point loss; the Nasdaq composite index dropped 3.60 to 1,137.
BUSINESS
By Bloomberg Business News | August 4, 1995
NEW YORK -- U.S. stocks ended mixed yesterday amid signs the economy is gaining enough strength to keep the Federal Reserve from lowering interest rates again.International Business Machines Corp. and Aluminum Co. of America -- so-called cyclical stocks that do well when the economy expands -- led the advance. Drug, retail and oil shares slumped."The industrial sector is starting to show some life, because we are seeing something of an economic expansion," said James Solloway, director of research at Argus Research.
BUSINESS
By BLOOMBERG BUSINESS NEWS | June 26, 1996
NEW YORK -- U.S. stocks were mixed yesterday as auto and paper issues retreated on concern earnings will fall short of analyst estimates, and Johnson & Johnson and Merck & Co., whose profits aren't so dependent on a buoyant economy, rose.Reports showing meager growth in U.S. home sales and waning consumer confidence in the economy's prospects hurt shares of companies whose products sell best when businesses and shoppers think they'll have more money to spend tomorrow than they have today.
BUSINESS
By BLOOMBERG BUSINESS NEWS | May 31, 1996
NEW YORK -- U.S. stocks rose yesterday in a seesaw session as a decline in bond yields eased concern that share prices aren't justified by corporate profit prospects.The Dow Jones industrial average surged more than 40 points to 5,715.57 after falling nearly 30 points to 5,644.64, and closed up 19.58 at 5,693.41. That reversed a two-day slide.Merck & Co. rose $1.25 to $65, leading the Dow industrials higher. The company said after the market closed Wednesday that a study showed that its Pepcid drug significantly reduced the number of ulcers in arthritis patients who take pain medicine such as aspirin for long periods.
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