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Stocks Rose

BUSINESS
By BLOOMBERG NEWS | March 5, 1999
NEW YORK -- U.S. stocks rose for the first time in eight sessions as oil, retail and financial shares gained on optimism that today's jobs report will show that the economy is growing with little inflation.The market was also lifted by International Business Machines Corp., which won a $16 billion order to supply Dell Computer Corp. with computer parts. IBM will gain a steady source of sales and Dell will get access to advanced technology to use in more sophisticated machines.IBM climbed $4.25, to $171, accounting for 17 points of the Dow average's gain.
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BUSINESS
By BLOOMBERG NEWS | May 8, 1999
NEW YORK -- U.S. stocks rose yesterday after a government report on wages and jobs eased concern that the Federal Reserve Board will raise interest rates. International Business Machines Corp. led the Dow Jones industrial average to a record on an optimistic sales forecast.The Dow average rose 84.77 to a record 11,031.59.The Nasdaq composite index, packed with computer stocks, climbed 31.34, or 1.3 percent, to 2503.62. The Standard & Poor's 500 index climbed 12.95, or 1 percent, to 1,345.
BUSINESS
By BLOOMBERG BUSINESS NEWS | October 18, 1996
NEW YORK -- U.S. stocks rose to records for a second day yesterday as the prospect of moderating economic growth led investors to snap up beverage, drug and health shares. Falling bond yields underpinned the advance.The Dow Jones industrial average rose 38.39 to a record 6,059.20, its second-straight all-time high. The 30-stock average is now up 177 points, or 3 percent, this month. Merck gained $2.875 to $74.875; Procter & Gamble Co. jumped $1.50 to $97.50; and Coca-Cola Co. rose 75 cents to $49.25.
BUSINESS
By BLOOMBERG BUSINESS NEWS | March 23, 1996
NEW YORK - U.S. stocks rose for the first time in four days yesterday as bank and other financial issues gained on optimism that borrowing costs won't rise further this year.Signs that consumers are tapped out and price increases aren't sticking have led investors to conclude the economy is expanding at a moderate pace. Only two weeks ago, stocks tumbled when a report showing brisk job growth in February sparked concern that rising interest rates would quash profits."The economy's muddling through and there's still going to be pockets of companies whose earnings are pretty good," said John Dale, a money manager in charge of $1.2 billion Peregrine Capital Management Inc. "The big lesson of [recent]
BUSINESS
By Bloomberg Business News | March 18, 1994
NEW YORK -- U.S. stocks gained for a second day yesterday as energy stocks rallied and investors started to anticipate higher first-quarter earnings.Meanwhile, a Federal Reserve report showed less upward pressure on inflation.The Nasdaq Combined Composite Index rose 4.86, to a record 803.85, eclipsing a Jan. 31 high of 800.47, as technology stocks including Lotus Development Corp., Intel Corp. and Oracle Systems Corp. rallied."Earnings are really picking up," said Don Hays, director of investment strategy at Wheat First Butcher & Singer in Richmond, Va. Expanding profits will drive share prices higher, he said.
BUSINESS
By Bloomberg Business News | April 30, 1994
NEW YORK -- U.S. stocks rose yesterday, bucking a decline in the bond market, as a barrage of economic reports convinced investors that higher rates have yet to dampen economic growth and corporate earnings.Stocks also got a boost as the Federal Reserve Bank stepped in to prop up the weak dollar in an effort to stabilize financial markets."It's the same old story -- the bond market kept the stock market on a leash for most of the day," said Thomas Gallagher, head trader at Oppenheimer & Co. "It wasn't until the Fed intervened that investors became more comfortable."
BUSINESS
By Bloomberg Business News | June 2, 1995
NEW YORK -- U.S. stocks rose yesterday as expectations for an economic resurgence later this year helped technology issues and hurt stocks that do best in a slowdown.Optimism that economic growth will pick up speed in the second half of 1995 boosted stocks of companies such as United Technologies Corp. whose profits move up and down along with the economy.That same outlook lessened the appeal of Coca-Cola Co. and Procter & Gamble Co."The economy is not going into a hole," said Graham Tanaka, president of Tanaka Capital Management, which manages about million in assets.
BUSINESS
By BLOOMBERG BUSINESS NEWS | May 4, 1996
NEW YORK -- U.S. stocks were mixed yesterday after an unemployment report failed to convince investors that interest rates won't rise enough to threaten corporate profits. Rising computer shares helped the Nasdaq composite index gain.The Dow Jones industrial average fell 20.24 to 5,478.03 as yields on benchmark Treasury bonds reached a one-year high.Shares of Texaco Inc. and Walt Disney Co. led the 30-stock average lower.The Standard & Poor's 500 index fell 1.74 to 641.64, after rising 5.07 points.
BUSINESS
By Bloomberg Business News | July 28, 1995
NEW YORK -- U.S. stocks, led by technology issues, surged yesterday to all-time highs amid investors' conviction that corporate earnings will stay strong.Computer-network stocks were buoyed when 3Com Corp. agreed to buy Chipcom Corp. for $775 million. Biotechnology stocks surged after Amgen Inc. said its scientists developed an experimental therapy for treating obesity.Investors also expressed confidence that the economy will keep humming, and that there are few threats to growth, analysts said.
BUSINESS
By BLOOMBERG BUSINESS NEWS | February 13, 1996
NEW YORK -- U.S. stocks rose to records for a sixth day yesterday, driving the Dow Jones industrial average past 5,600 just two days after it surpassed 5,500.Economically sensitive issues rallied on optimism that falling interest rates will fatten profits this year. Gains in Caterpillar Inc., DuPont Co. and Texaco Inc. sent the 30-stock average up 58.53, to 5,600.15, its 13th high this year.More than two-thirds of the companies that make up the Dow industrials have businesses tied to swings in the economy.
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