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Stocks Closed Mixed

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By Bloomberg Business News | June 30, 1994
NEW YORK -- U.S. stocks closed mixed yesterday as computer-driven programs to sell stocks pared earlier gains and the dollar fell to a post-World War II low against the Japanese yen.Stocks rallied throughout the day as the dollar strengthened against major European currencies and bond yields fell."
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BUSINESS
By BLOOMBERG NEWS | June 29, 2002
U.S. stocks completed their steepest first-half decline in more than three decades, reflecting concern a rebound in profits is slowing and investor doubts over companies' accounting. Volume on the New York Stock Exchange was 2.6 billion shares, making it one of the busiest sessions in history. The Dow Jones industrial average and the Standard & Poor's 500 Index slid yesterday, erasing early gains in the busiest day in nine months. Xerox Corp. fell after it restated five years of revenue.
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BUSINESS
By Bloomberg Business News | August 18, 1994
NEW YORK -- U.S. stocks closed mixed yesterday, as the drag of higher interest rates on the economy offset optimism that Tuesday's rate increase by the Federal Reserve will quell inflation.lead,1 "We're pleased the Fed did what they did and that they're done for a while," said John Zielinski, a portfolio manager in Northern Trust Co.'s institutional asset-management division, which invests about $6 billion. "But I don't think we're going to see explosive rallies from here. What we're in for is a period of moderate growth."
BUSINESS
By BLOOMBERG NEWS | January 8, 1999
NEW YORK -- U.S. stocks were mixed yesterday. The Dow Jones industrial average recovered almost all of a 118-point plunge as banking and computer shares rallied, while concern that profit won't justify big gains depressed most shares.Many traders were expecting a large decline yesterday after Abby Joseph, strategist for Cohen Goldman, Sachs & Co., and Federal Reserve Vice Chairman Alice M. Rivlin warned that stocks may have risen too far, too fast, and Brazil's budget crisis is worsening.
BUSINESS
By Bloomberg Business News | August 16, 1994
NEW YORK -- U.S. stocks closed mixed yesterday amid expectations the Federal Reserve's policy-making panel will vote to raise interest rates today."Traders are pretty much assuming the Fed will raise rates half a point, and they hope that's the end of it," said Len Hefter, fTC managing director of Nasdaq trading at Jefferies & Co. in Dallas.Food shares were among the biggest gainers for a second day amid speculation of mergers in the industry, traders said.The Dow Jones industrial average fell 8.42, to 3,760.
BUSINESS
By Bloomberg Business News | August 3, 1994
NEW YORK -- U.S. stocks closed mixed yesterday, ending a three-day advance, as rising drug and paper stocks offset falling oil issues.Drug stocks, down for most of the day, got a late boost when American Home Products Corp. offered to buy American Cyanimid Co. for $95 a share.The takeover "is going to help the [drug] group and help the market" by showing there's plenty of value left in stocks that many investors believe are already priced too high, said Richard Ciardullo, head trader at Eagle Asset Management in St. Petersburg, Fla. "Every day, either a company is buying its own shares or buying somebody else."
BUSINESS
By Bloomberg Business News | May 19, 1993
NEW YORK -- U.S. stocks closed mixed yesterday a renewed concern about a rise in the inflation rate vied with strong demand for computer and telecommunications issues.The Dow Jones industrial average finished down 5.54, at 3,444.39, almost 22 points above its session low of 3,422.52.The market recouped much of its early losses in the final hour after Johnson Redbook Service reported U.S. retail sales were up 1.2 percent in mid-May compared with April and jumped 10.4 percent from the same period last year, traders said.
BUSINESS
By Bloomberg Business News | December 29, 1992
NEW YORK -- Stocks closed mixed yesterday as a late flurry of computer-driven buy orders gave the market a lift."The market was lackluster until computer buying was triggered in the final 30 minutes of trading," said Phil Smyth, a market analyst at Birinyi Associates, which tracks computer-driven trading.The Dow Jones industrial average rose 7.02, to 3,333.26, led by gains in Goodyear, McDonald's, Allied-Signal and Disney. Computer-driven buy orders added about 7 points to the Dow.The Standard & Poor's 500 index closed down 0.62, to 439.15, and declining stocks outnumbered advancing issues by about 4-to-3 on the New York Stock Exchange.
BUSINESS
By Bloomberg Business News | January 28, 1995
NEW YORK -- U.S. stocks closed mixed yesterday, as optimism over a report showing inflation at a 30-year low gave way to concern that corporate earnings growth will suffer as the economy weakens.Banks, brokerages and insurance shares soared as the inflation report spurred a bond-market rally. Consumer products makers like tobacco, drug and food, whose profits are perceived as stable, also benefited.Conversely, cyclical stocks like metal, paper and chemical producers, which rise and fall along with the economy, plummeted.
BUSINESS
By Bloomberg Business News | February 11, 1993
NEW YORK -- Stocks closed mixed yesterday amid concern that the monthlong rally in Treasury bonds has ended."The bond market's running out of gas, and that's sending a warning signal to the stock market," said Don Hays, investment strategist at Wheat First Butcher & Singer.The Dow Jones industrial average fell for the third straight day, losing 2.16 points, to 3,412.42. The decline in the Dow was led by Eastman Kodak, which fell $1.75, to $52, after the stock was removed from the "buy" list at Dean Witter Reynolds.
BUSINESS
By BLOOMBERG BUSINESS NEWS | July 25, 1996
NEW YORK -- U.S. stocks closed mixed yesterday after going through yet another volatile session, as apprehension about slowing profits overshadowed an optimistic forecast from the chairman of Compaq Computer Corp.The Dow Jones industrial average, after an early plunge of more than 76 points, rebounded to a 32-point gain, only to close up 8.14 points. Shares of Minnesota Mining and Manufacturing Co. and General Motors Corp. led the average to 5,354.69.The Nasdaq composite index, filled with smaller, more speculative companies as well as bellwethers such as chip-maker Intel Corp.
BUSINESS
By BLOOMBERG BUSINESS NEWS | June 20, 1996
NEW YORK -- U.S. stocks were mixed yesterday as a drop in retail and credit card issues offset a gain in Boeing Co.'s stock, which came after the company announced plans to double production of its best-selling jet.Boeing's announcement eased concern that companies' earnings in 1996 will fall short of last year's results, a conclusion some investors reached after semiconductor companies yesterday warned that sales were slowing. It also showed that the dollar's rise this year hasn't hurt U.S. exports so far.The Dow Jones industrial average rose 20.32 to 5,648.
BUSINESS
By BLOOMBERG BUSINESS NEWS | May 17, 1996
NEW YORK -- U.S. stocks were mixed yesterday as signs of a robust economy drove up shares of Chrysler Corp. and Caterpillar Inc. Disappointing earnings from Hewlett-Packard Co. triggered a slump in computer shares.The Nasdaq composite index, led by Oracle Corp., rose 5.75 to 1,239.31 to set its 26th record of the year,The Dow Jones industrial average rose 9.61 to 5,635.05, led by Caterpillar, General Electric Co. and Coca-Cola Co. The Standard & Poor's 500 index fell 0.57 to 664.85, and would have been positive if Hewlett-Packard hadn't slumped $8.625 to $105.
BUSINESS
By BLOOMBERG BUSINESS NEWS | March 30, 1996
NEW YORK -- U.S. stocks were mixed yesterday on the last day of trading in the first quarter.Shares of computer companies gained on expectations that their earnings will rise the fastest this year. Oil shares retreated.The Dow Jones industrial average, which has only one computer stock, fell 43.71 to 5,587.14, losing about 35 points in the last half-hour. Computer-guided "sell" orders sparked the retreat and the Dow's drop of more than 50 points at 3: 55 p.m. triggered the New York Stock Exchange's "uptick" rule.
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 | July 14, 1995
NEW YORK -- U.S. stocks closed mixed yesterday, one day after posting record highs, as lower prices for Philip Morris Cos. and J. P. Morgan & Co. held the Dow Jones industrial average in check.Computer-related stocks gained.The Nasdaq composite index, loaded with shares of technology companies that are expected to see the fastest earnings growth, climbed 5.52, to a record 994.15, its 35th record in 1995. Wednesday, it posted its biggest advance this year and its third-largest gain ever, 18.41.
BUSINESS
By Bloomberg Business News | January 24, 1995
NEW YORK -- U.S. stocks closed mixed yesterday as brighter prospects for congressional passage of a Mexican aid package offset a plunge in Japanese shares and pessimism about a likely rise in U.S. interest rates next week.Strength in oil shares, fueled by better-than-expected earnings from Exxon Corp., Texaco Inc. and Atlantic Richfield Co., also helped the market to pare early losses.The Dow Jones industrial average recovered from a drop of 30.95 points to close down 2.02, at 3,867.41. Broader indexes also advanced from their lows, although almost twice as many stocks declined as gained on the New York Stock Exchange.
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