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BUSINESS
By Julius Westheimer | August 31, 1993
Unable to hold an early-session double-digit gain, the Dow Jones industrial average drifted lower in late trading yesterday but managed to hold onto a 3.36-point advance, closing at 3,643.99.At yesterday's close, the nearest crystal-ball gazer in our Dow Jones contest is Richard Aull (3,643), followed by Diane Shapiro (3,645), Clarence Walter (3,641), Alvin Lamm (3,640), Robert Zelechowski (3,649), R. G. Hoddinott (3,650) and Samuel Downey (3,639).If nothing changes between now and year-end -- an unlikely outcome -- Mr. Aull and Ms. Shapiro and guests will dine at their favorite restaurants, and Mr. and Mrs. Ticker will be pick up the check.
ARTICLES BY DATE
NEWS
January 10, 2006
The Dow Jones industrial average closes above 11,000 for the first time since June 2001, boosted by a five-day rally that has sent stocks soaring this year. The advance yesterday followed a 241-point surge last week as investors grew increasingly optimistic that the Federal Reserve will soon end its string of interest-rate increases. [Article, Page 1C]
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BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | October 27, 1999
Microsoft Corp., Intel Corp., SBC Communications Corp. and Home Depot Inc. will join the Dow Jones industrial average Monday -- bumping out such longtime stalwarts as Sears, Roebuck & Co. -- as the nation's oldest stock-market index embraces the "New Economy" of America.Leaving the Dow will be, in addition to Sears, chemical maker Union Carbide Corp., Goodyear Tire & Rubber Co. and Chevron Corp., a major petroleum refiner.The selection of Intel and Microsoft, both of which trade on the Nasdaq, marks the first time the Dow industrials have included companies not listed on the New York Stock Exchange, scratching a long-standing tradition that kept some of the most dynamic names in technology and the overall economy from being reflected in Wall Street's best-known barometer.
NEWS
By Julie Bell and Julie Bell,SUN STAFF | September 28, 2002
Investors, spooked by another round of corporate earnings woes and a host of lingering worries, dumped stocks yesterday, pushing the Dow Jones industrial average down 3.7 percent and giving back most of the previous two days' gains. The sell-off came after at least four large companies were the subject of profit warnings and a Commerce Department report confirmed that the economy had slowed greatly in the spring. The Dow fell 295.67 points to close at 7,701.45. The drop all but erased the average's 314-point gain over the previous two sessions.
BUSINESS
By Julius Westheimer | March 17, 1999
Does reaching the much-hyped "Dow Jones 10,000" milestone mean stocks will continue to surge? Not at all. In 1972, after the Dow closed above 1,000 for the first time -- with much cheering -- stocks plunged 45 percent in two years, at one point (Dec. 6, 1974), sinking to 577.60. The indicator remained below 1,000 for another 10 years.More meaningful than artificial "thousand-point" markers is the continuation of the most powerful bull market in history. Five years ago today, the Dow stood at 3,865.
BUSINESS
By BLOOMBERG NEWS | June 6, 1997
NEW YORK -- Dow Jones & Co. gave its blessing yesterday to trading in options, futures contracts and a fund based on the most widely watched gauge for U.S. stocks, the Dow Jones industrial average.The trading is expected to begin this fall. For the first time, speculators will be able to bet on the direction of the 101-year-old Dow average, which consists of 30 stocks, including such stalwarts as General Electric Co. and Coca-Cola Co. "People have been wanting this for 15 years, ever since options trading took off in the early '80s," said Mike Driscoll, a block trader at Hambrecht & Quist in New York.
BUSINESS
By BLOOMBERG NEWS | June 12, 1999
NEW YORK -- The Dow Jones industrial average fell for a fourth straight day after economic reports left investors concerned that the Federal Reserve will raise interest rates later this month. Internet shares such as CMGI Inc. and eBay Inc. slumped.Retail sales rose last month at the strongest pace in three months and producer prices accelerated. Consumer confidence rose more than expected.The Dow average fell 130.76, or 1.2 percent, to 10,490.51, extending its loss for the past four days to 456 points.
BUSINESS
By BLOOMBERG NEWS | October 23, 1998
NEW YORK -- U.S. stocks rose for a seventh straight day as Procter & Gamble Co., Boeing Co. and most other companies that reported earnings met or surpassed expectations.The Dow Jones industrial average rose 13.91, to 8,533.14, rebounding from a 97-point loss earlier in the day. The Standard & Poor's 500 index rose 8.56, to 1,078.48. The Nasdaq composite index gained 27.89, to 1,702.64, led by Microsoft Corp.Procter & Gamble, the largest U.S. maker of consumer products, rose $3.0625, to $86.875, accounting for almost all of the Dow average's gain.
BUSINESS
By BLOOMBERG NEWS | December 12, 1998
NEW YORK -- U.S. stocks were mixed yesterday, as Coca-Cola Co. joined the list of Dow Jones industrial average companies warning that profits won't meet forecasts. Computer shares continued to gain.The Dow average fell 19.82, to 8,821.76, paring a 111-point loss. Coke was the biggest decliner in the average, which dropped for a fourth straight day.The Standard & Poor's 500 index finished at 1,166.46, up 1.44. The Nasdaq composite index gained 13.35, to 2,029.31.The Russell 2,000 index of small-cap stocks slipped 1.13, to 395.37; the Wilshire 5,000 index lost 3.48, to 10,643.
BUSINESS
By BLOOMBERG NEWS | October 1, 1998
NEW YORK -- U.S. stocks fell yesterday, closing the worst quarter in eight years.Lucent Technologies Inc. and other telecommunications equipment makers led the decline, on concern that economic slowdowns abroad may prompt phone companies to cut spending.The Dow Jones industrial average slumped 237.90, or 2.9 percent, to 7,842.62. The Standard & Poor's 500 index lost 32.01, or 3.1 percent, to 1,017.01. The Nasdaq composite index declined 40.21, or 2.3 percent, to 1,693.84.In the past three months, the Dow average has lost 1,105 points, or 12 percent.
NEWS
By Bill Atkinson and Bill Atkinson,SUN STAFF | September 22, 2001
The clanging of the bell, precisely at 4 p.m. yesterday on the New York Stock Exchange, mercifully ended the worst week in the market's history, as battered stocks sank for the fifth day since reopening after last week's terrorist attacks. In what had already been an unnerving week, Wall Street saved some of its best shots for last with the Dow Jones industrial average climbing and then nose-diving much of the day, finally closing down 140.40 points, or 1.68 percent, to 8,235.81. About 12 minutes after trading began, the Dow had plunged 294 points.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | October 27, 1999
Microsoft Corp., Intel Corp., SBC Communications Corp. and Home Depot Inc. will join the Dow Jones industrial average Monday -- bumping out such longtime stalwarts as Sears, Roebuck & Co. -- as the nation's oldest stock-market index embraces the "New Economy" of America.Leaving the Dow will be, in addition to Sears, chemical maker Union Carbide Corp., Goodyear Tire & Rubber Co. and Chevron Corp., a major petroleum refiner.The selection of Intel and Microsoft, both of which trade on the Nasdaq, marks the first time the Dow industrials have included companies not listed on the New York Stock Exchange, scratching a long-standing tradition that kept some of the most dynamic names in technology and the overall economy from being reflected in Wall Street's best-known barometer.
BUSINESS
By BLOOMBERG NEWS | October 19, 1999
NEW YORK -- U.S. stocks were mixed yesterday, careening through a volatile session marked by continued concern about rising interest rates and inflation. Technology stocks fell sharply, bearing the brunt of investors' pessimism.The Dow Jones industrial average rose 96.57 to close at 10,116.28. Most of the gain occurred in the final 30 minutes of trading. Earlier in the session, the Dow was up as much as 108 points and down as much as 43 points from Friday's close.The Standard & Poor's 500 rose 6.72 to 1,254.
BUSINESS
By BLOOMBERG NEWS | June 12, 1999
NEW YORK -- The Dow Jones industrial average fell for a fourth straight day after economic reports left investors concerned that the Federal Reserve will raise interest rates later this month. Internet shares such as CMGI Inc. and eBay Inc. slumped.Retail sales rose last month at the strongest pace in three months and producer prices accelerated. Consumer confidence rose more than expected.The Dow average fell 130.76, or 1.2 percent, to 10,490.51, extending its loss for the past four days to 456 points.
BUSINESS
By BLOOMBERG NEWS | March 20, 1999
NEW YORK -- The Dow Jones industrial average failed for the third time this week to close above 10,000, after an analyst cut his price estimate for International Business Machines Corp. on concern that computer sales are slowing.The Dow slumped in late trading, closing 94.07 lower at 9,903.55, after jumping to a record 10,085.31 in the first seven minutes of the session. The average crossed 10,000 for the first time during trading Tuesday and topped it again Thursday and yesterday, but fell back.
BUSINESS
By Julius Westheimer | March 17, 1999
Does reaching the much-hyped "Dow Jones 10,000" milestone mean stocks will continue to surge? Not at all. In 1972, after the Dow closed above 1,000 for the first time -- with much cheering -- stocks plunged 45 percent in two years, at one point (Dec. 6, 1974), sinking to 577.60. The indicator remained below 1,000 for another 10 years.More meaningful than artificial "thousand-point" markers is the continuation of the most powerful bull market in history. Five years ago today, the Dow stood at 3,865.
BUSINESS
By Julius Westheimer | January 23, 1998
HOW WILL the stock market end 1998? If you think you know, enter our Dow Jones forecasting contest.Postcards -- letters will not be accepted -- must be postmarked by midnight Feb. 1.The closest crystal ball gazer for the final Dow Jones industrial average, on Dec. 31, wins dinner for two at his or her favorite area restaurant as guests of Mr. and Mrs. Ticker. Second-closest wins lunch for two.The 10 next-closest will receive hardback books about money and investments, value about $25.Print your Dec. 31, 1998, Dow Jones forecast (no decimals)
BUSINESS
By Julius Westheimer | June 15, 1993
Blue-chip stocks gained a modest 9.68 points to finish at 3,514.69 in slow trading yesterday as investors awaited today's release of the Consumer Price Index to see whether inflation slowed in May. A $2.625 gain in the share price of Eastman Kodak accounted for half the gain in the Dow industrials.UNIQUE ANGLE: Responding to several requests, here, updated, is how the "Dow 5" stock strategy works. List the 10 Dow Jones stocks with the highest yields -- historically, those 10 issues far outperformed the Dow average as a whole.
BUSINESS
By BLOOMBERG NEWS | March 16, 1999
NEW YORK -- U.S. stocks rose yesterday after Pioneer Hi-Bred International Inc. and BankBoston Corp. agreed to be taken over, and an optimistic earnings forecast from UAL Corp. propelled the Standard & Poor's 500 index to a record.The Dow Jones industrial average closed within 42 points of 10,000."The mergers are getting bigger," said Gil Knight, a money manager who helps oversee $11 billion in assets at Allied Investment Advisors in Baltimore. "It's a sign of a buoyant market."The Dow industrials rose 82.42, to 9,958.
BUSINESS
By BLOOMBERG NEWS | December 12, 1998
NEW YORK -- U.S. stocks were mixed yesterday, as Coca-Cola Co. joined the list of Dow Jones industrial average companies warning that profits won't meet forecasts. Computer shares continued to gain.The Dow average fell 19.82, to 8,821.76, paring a 111-point loss. Coke was the biggest decliner in the average, which dropped for a fourth straight day.The Standard & Poor's 500 index finished at 1,166.46, up 1.44. The Nasdaq composite index gained 13.35, to 2,029.31.The Russell 2,000 index of small-cap stocks slipped 1.13, to 395.37; the Wilshire 5,000 index lost 3.48, to 10,643.
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