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BUSINESS
By BLOOMBERG BUSINESS NEWS | October 3, 1996
NEW YORK -- U.S. stocks rose to records for a second day yesterday, bolstered by expectations that the lowest bond yields in six weeks will cause businesses and consumers to spend more money.Shares of Intel Corp., Microsoft Corp. and General Electric Co. paced the advance.The Dow Jones industrial average rose 29.07 to an all-time high of 5,933.97, its seventh gain in nine sessions. International Business Machines Corp. rose $2.125 to $125.875; GE climbed $1.25 to $91.875; and Boeing Co. rose $1.125 to $96.375.
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SPORTS
March 2, 2011
Jones up, not Mallett Omar Kelly Sun Sentinel Julio Jones' resume at Alabama proved he's the big, tough, physical possession-type receiver. But Jones showed at the NFL combine he's also a speedster, burning up the 40-yard dash with a blazing 4.39 time. And that was before the nation learned Jones did it with a fracture in his foot that will be surgically repaired. Jones' combine showing could be impressive enough to close the gap between him and Georgia's A.J. Green.
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BUSINESS
By Ian Johnson and Ian Johnson,New York Bureau | February 4, 1993
NEW YORK -- Buoyed by confidence in the economy and low inflation, investors poured money into stocks yesterday, helping to send the Dow up 45 points, to its strongest showing in six months and its busiest day this year.The flood of money also helped push up two other important indexes -- the S&P 500 and the NASDAQ Combined Composite Index -- to record highs. Spurred by low interest rates, investors grew more and more confident about stocks, said Philip Smyth of Birinyi Associates."There's a lot of cash on the sidelines, and as bond yields decline, that tends to push up the stocks," Mr. Smyth said.
BUSINESS
By Laura Smitherman and Laura Smitherman,Sun reporter | December 31, 2006
Investors love a good story. Chindex International Inc., a Bethesda-based provider of Western health care in booming China, announced this year that it would market the first preferred-provider health insurance plan there. The company also turned in two quarters of profits after nearly two years of losses. Its stock zoomed ahead 271 percent in 2006. Osiris Therapeutics Inc., a Baltimore adult stem-cell company, went public in August. Within a few months, it revealed that its lead drug shows promise as a treatment for pain- ful Crohn's disease.
BUSINESS
By Bloomberg Business News | November 17, 1993
MEXICO CITY -- Mexican stocks rose to a record high for the fifth straight session as investors snapped up shares, confident the North American Free Trade Agreement would pass, traders said.Mexico's bolsa index rose 36.02 points, or 1.70 percent, to close at 2,159.35. Volume amounted to 299.5 million shares traded, worth 2,859.5 million pesos. Out of 132 stocks traded, 70 advanced, 22 declined and 40 remained unchanged."The vote count keeps getting closer and closer," said Lucia Skwarek, head of emerging market equity trading at J.P. Morgan.
BUSINESS
By Bloomberg Business News | March 1, 1995
NEW YORK -- U.S. stocks rose yesterday for the fourth time in five days as better-than-expected earnings at Wal-Mart Stores Inc. and a rally in technology shares overcame concern about the failure of British investment bank Barings PLC.The nation's No. 1 retailer saw its stock jump as much as 3.7 percent after reporting that fourth-quarter earnings rose 19 percent, paced by a 20 percent sales increase. The Bentonville, Ark.-based company earned 45 cents a share, marking its 96th straight quarter of record sales and earnings.
BUSINESS
By New York Times News Service | January 20, 1992
NEW YORK -- Blue-chip stocks rose modestly Friday, again in busy trading, aided by the expiration of stock and index options and major market index futures.While smaller stocks showed weakness, the Dow Jones industrial average clicked off yet another record, ending at 3,264.98, up 15.43 points for the day and 65.52 for the week.Volume on the New York Stock Exchange was heavy, at 287.4 million shares traded, but down from 336.2 million on Thursday. Gaining issues were ahead of losers by a margin of 922 to 831.The Standard & Poor's index of 500 stocks rose 0.65 point, to 418.86, while the American Stock Exchange index gained 1.55 points to end at an all-time high of 415.32.
BUSINESS
By Bloomberg Business News | February 9, 1995
NEW YORK -- U.S. stocks rose yesterday as gains in technology issues offset losses in shares of companies whose earnings rise and fall with the economy.Shares of Intel Corp. rallied $3.625, to a record $76.625, and led the advance in technology stocks. Merrill Lynch & Co. said strong demand for Intel's top-of-the-line microprocessor will fuel earnings growth. Texas Instruments Inc., which also makes semiconductors, added $1.75, to $75; Apple Computer Inc. gained $1.50, to $42.3125; and Compaq Computer Corp.
BUSINESS
By BLOOMBERG BUSINESS NEWS | June 25, 1996
NEW YORK -- U.S. stocks rose yesterday amid optimism that second-quarter profits will match or exceed estimates. Steady-earning consumer product companies such as Procter & Gamble Co. and Gillette Co. paced the gain.Walgreen Co., a benchmark for retailers, brightened the outlook for profits after it said net income in the quarter ended May 31 climbed more than 15 percent.The Dow Jones industrial average rose for a fifth day, climbing 12.56 to 5,717.79 -- its highest since May 24. The 30-stock average is now just 60.21, or about 1 percent, from its all-time high of 5,778.
BUSINESS
By Bloomberg Business News | September 13, 1995
NEW YORK -- The Dow Jones industrial average soared to a record high and U.S. stocks rose yesterday as banks and other financial companies gained on optimism that falling interest rates will cause profits to surge.Shares of investment banks, mortgage companies and other lenders rose as signs that inflation isn't accelerating encouraged hopes that the Federal Reserve will reduce interest rates later this year. When rates fall, consumers and businesses borrow more, and profit margins for lenders expand.
SPORTS
By Lem Satterfield and Lem Satterfield,SUN STAFF | March 31, 2003
PHILADELPHIA - It took some time, but Baltimore heavyweight Hasim Rahman turned disappointment into triumph. Initially, Rahman was rankled when Saturday's HBO-televised rematch with Samoan heavyweight David Tua was judged a draw, even though Rahman's jab, hard right hand and Tua's battered face seemed to support his contention that he had done enough to win. But Rahman was all smiles nearly an hour after the decision was announced. Counting Tua's controversial 10th-round knockout victory in their first meeting in 1998, Rahman had lost four of his previous 10 bouts - three via knockout.
SPORTS
By Bonnie DeSimone and Bonnie DeSimone,SPECIAL TO THE SUN | January 1, 2003
PASADENA, Calif. - Washington State has a lame-duck coach and a slightly gimpy quarterback, and the Cougars say they will be hobbled by neither. What they do have is a small advantage of familiarity. Washington State (10-2), making its fourth Rose Bowl appearance and second since 1998, plays at the grand old colossus against conference rival UCLA every other year. Three weeks ago, quarterback Jason Gesser limped onto this field in a leg brace and lit up the Bruins for a 48-27 victory that sealed a Pac-10 co-title.
BUSINESS
By BLOOMBERG NEWS | September 5, 2002
NEW YORK - U.S. stocks rose yesterday, sending the Dow Jones industrial average and Standard & Poor's 500 index higher for the first day in six. Microsoft Corp., Pfizer Inc. and Citigroup Inc. led the gain. "We've seen a bit of change in the tenor of the market," said John Bartlett, who helps oversee $10 billion at Commerce Trust Co. in St. Louis. "We've seen, for the first time in a while, a willingness to come in and buy the dips, rather than just selling the rallies." The Dow climbed 117.07, or 1.4 percent, to 8,425.
BUSINESS
By BLOOMBERG NEWS | October 27, 2001
NEW YORK - Stocks rose yesterday, buoyed by speculation that the worst of the economic slump is ending and corporate profits will rebound next year. Benchmark indexes rose for the fourth week out of five. Defense contractors United Technologies Corp. and Boeing Co. led the advance in the Dow Jones industrial average after Lockheed Martin Corp. boosted its earnings forecast for this year and next. JDS Uniphase Corp. and VeriSign Corp. Inc. declined amid slumping sales, leading the Nasdaq composite index lower.
BUSINESS
By BLOOMBERG NEWS | July 13, 2001
NEW YORK - U.S. stocks surged after Microsoft Corp.'s quarterly sales beat expectations and Motorola Inc. increased its revenue forecast. The Nasdaq composite index had its biggest rally in three months, as those announcements reassured investors that corporate profits will bounce back from the slide that sent the index down as much as two-thirds from its March 2000 peak. "Microsoft is what investors have been looking for," said Brian Slater, who helps manage $500 million at Condor Capital Management in Martinsville, N.J. "If Microsoft is going well, it leads you to believe that Intel and PC makers may start to see improvement."
BUSINESS
By BLOOMBERG NEWS | April 18, 2001
NEW YORK - U.S. stocks rose yesterday as companies including Fannie Mae, Johnson & Johnson and software maker Computer Associates International Inc. reported quarterly profits that topped forecasts. Stocks got a boost because "companies came in with earnings that were either at or better than Wall Street expectations," said Allen Ashcroft, manager of the $295 million Ark Blue Chip Portfolio. "Portfolio managers are running to those names because they've proven that they are able to weather the downturn."
BUSINESS
By BLOOMBERG NEWS | March 8, 1997
NEW YORK -- U.S. stocks rose yesterday on signs that the economy is growing with little inflation, boosting chances for improving earnings and stable corporate borrowing costs. Citicorp and other financial shares paced the gain.Stocks responded to a Labor Department report showing that the economy added an unexpectedly large number of jobs last month while wages rose a smaller-than-forecast 3 cents an hour. The Federal Reserve may put off raising interest rates at a March 25 meeting because the economy isn't overheating, analysts said.
BUSINESS
By BLOOMBERG NEWS | June 6, 1997
NEW YORK -- U.S. stocks rose yesterday as investors snapped up shares of the computer-related companies that led the market's recent drop.Microsoft Corp., Lattice Semiconductor Corp. and Dell Computer Corp. paced the rise, amid renewed optimism that key companies in the computer industry will report strong second-quarter profits.The Dow Jones industrial average rose 35.63 to 7,305.29, only its second gain in seven sessions. The 30-stock average gave up about half of its early afternoon gain and is about 80 points shy of its all-time high of May 27.The advance came a day before the Labor Department's release of the monthly employment report, a gauge of economic strength that analysts use to speculate about the direction of interest rates.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 5, 2000
Three weeks after soaring to an all-time high, the white-hot Nasdaq composite index yesterday slid 74.79 points, ending up a whisker above where it started the year. Since reaching a high March 10, the index has plunged 899.73 points, or 17.8 percent. Yesterday, it recovered and closed at 4,148.89, after plummeting 634.34 points at midday. Nasdaq's swift and stunning decline comes as investors flee the technology market, pumping their money into well-established blue-chip companies. These investors are not just dumping the so-called dot-com companies; they are selling shares in biotechnology, wireless, e-commerce and Internet businesses.
BUSINESS
By BLOOMBERG NEWS | October 5, 1999
NEW YORK -- U.S. stocks rose, led by financial shares such as Citigroup Inc. and Fannie Mae, on optimism that Federal Reserve policy-makers will keep interest rates steady at today's meeting.The Dow Jones industrial average rose 128.23 to 10,401.23 -- its biggest gain in a month -- after posting losses in three of the previous four sessions.The Standard & Poor's 500 index climbed 21.79 to 1,304.60, and the Nasdaq composite index surged 59.12 to 2,795.97.Elsewhere on the broad market, the Russell 2,000 index of small-cap stocks rose 3.08 to 426.61; the Wilshire 5,000 index jumped 189.60 to 11,892.
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