BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | July 13, 1999
The addition of three Maryland companies to closely monitored Russell stock indexes underscores investor recognition of the bullish prospects the companies enjoy, analysts and officials of the companies say.Baltimore-based Creditrust Corp., Annapolis-based USInternetworking Inc. and Lanham-based Radio One Inc. were among companies added yesterday to one or more of the broad stock indexes created and charted by Frank Russell Co.One of those, the Russell 2000 index, is the most widely referred to index of small public companies as measured by market value.
BUSINESS
By BLOOMBERG NEWS | May 21, 1999
NEW YORK -- U.S. stocks fell in the last hour of trading as investors shifted money from computer and semiconductor shares into smaller companies.The Nasdaq composite index slumped 35.17 to 2,542.23, led by Intel Corp.International Business Machines Corp. accounted for most of the Dow Jones industrial average's 20.65-point drop to 10,866.74. The Standard & Poor's 500 index fell 5.40 to 1,338.83.By contrast, the Russell 2,000 index, a benchmark of small-cap stocks, rose 1.88 to 448.02; the American Stock Exchange composite index advanced 3.67 to 792.03; and the S&P 400 midcap index added 0.24 to 403.94.
BUSINESS
By BLOOMBERG NEWS | March 27, 1999
NEW YORK -- Stock prices drifted lower in sluggish trading yesterday, as investors adjusted their holdings before the end of the quarter and kept an eye on NATO airstrikes in Kosovo.The Dow Jones industrial average ended the session down 14.15 at 9,822.24, after erasing most of an early 89-point loss. The Dow finished the week down 81.31 points.Broader stock indicators declined after a brief rally in technology shares lost steam. The Standard & Poor's 500 fell 7.19, to 1,282.80. The Nasdaq composite declined 15.63, to 2,419.
BUSINESS
By BLOOMBERG NEWS | March 3, 1999
NEW YORK -- Major stock indexes fell yesterday, with Intel Corp., 3Com Corp. and Micron Technology Inc. showing the way, on concern that waning demand and increased competition will hurt profit in the computer and networking industries.The Nasdaq composite index dropped 36.15, to 2,259.03. The Dow Jones industrial average fell 27.17, to 9,297.61.The Standard & Poor's 500 index declined 10.66, to 1,225.50.All three market measures surrendered gains in late trading.Elsewhere on the broad market, the Russell 2,000 index, a benchmark of small-cap stocks, rose 0.04, to 394.43; the American Stock Exchange composite index advanced 0.92, to 699.21; and the S&P 400 midcap index added 2.01, to 359.82.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | September 24, 1998
The stock market rallied sharply yesterday after Federal Reserve Board Chairman Alan Greenspan signaled for the third time in two weeks that interest rates could be cut because of spreading global economic problems that are beginning to infect the United States.The Dow Jones industrial average jumped 257.21 points, or 3.26 percent, to 8,154.41 as many economists and stock market analysts believe that the Fed will come to the rescue and cut interest rates.Greenspan "has an eye on the market, and he is seeing fears of recession and fears of depression," said Angel Mata Jr., head of listed equity trading at Baltimore-based Legg Mason Wood Walker Inc."
BUSINESS
By BLOOMBERG NEWS | August 13, 1998
NEW YORK -- U.S. stocks rose yesterday, recovering part of Tuesday's losses, as investors scooped up beaten-down shares on speculation that prices had fallen further than justified by the effects on profits of Asia's slump.The Dow Jones industrial average rose 90.11 to 8,552.96, after falling 112 points Tuesday on concern that Japan's deepening recession might hurt profits for companies that do business in Asia. The Standard & Poor's 500 index gained 15.24 to 1,084.22, and the Nasdaq composite index jumped 32.83 to 1,825.