Word: dows
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Dates: during 1990-1999
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Stocks rose sharply, as third-quarter earnings reports continued to come in above analysts' expectations. Some examples: Compaq's profits soared 88%; aircraft maker Northrop Grumman's earnings rose 50%; and AMR, the parent of American Airlines, reported a 74% profit gain. The Dow Jones industrial average rose 18.50 points, to 3936.04, on heavy trading (319 million shares on the NYSE). The S&P 500 climbed 2.62, to 470.28. NASDAQ stocks jumped 5.81, to 770.62. Bond prices declined, meanwhile, as the yield on the benchmark 30-year Treasury rose to 7.90% from 7.87%. The price of gold rose...
...market reeling, as investors register their fear of renewed inflation. But with two reports last week suggesting that inflation remains under control, the stocks that benefited today were those that normally do well in an expanding economy -- such as Bethlehem Steel and International Paper, both up a point. The Dow Jones Industrial Average gained 13.46 points...
...August of 1993. Falling energy and coffee prices accounted for most of the move. Wholesale inflation is now rising at just a 2% annual rate. Those numbers particularly cheered the stock market, which had been bracing for a rise of as much as six tenths of a percent. The Dow Jones industrials surged 50 points in the first 15 minutes of trading. But then profit-takers moved in, leaving the Dow at 3889.95, a gain of 14.80 points. The S&P 500 rose 2.32 to 467.79. NASDAQ stocks inched up 0.89 to 767.89. Bond prices surged, as the yield...
Wall Street took a breather on Wednesday as stocks finished mixed following Tuesday's 55-point rally, with investors waiting for two key inflation reports due Thursday and Friday. Eleven hundred Big Board stocks fell on the day, while more than 900 advanced. The Dow Jones Industrial Average slipped1.68 points to 3875.15. The S&P 500 fell less than half a point to 465.47. NASDAQ stocks rose 1.43 to 767.00. Bond prices also dropped, as the yield on the Treasury's benchmark 30-year issue rose to 7.9%. The price of gold rose 25 cents to $387.90 in London trading...
...yields. A sampler of good news: Union Corp., the nation's ninth largest banking company, reported that third-quarter profits increased 24% from a year ago; Pepsico, fueled by improved performance in its soft drink and snack foods divisions, posted an 18% hike in earnings. As a result, the Dow Jones Industrial Average jumped 55.51 points to 3876.83. The S&P 500 rose nearly seven points to 465.79. NASDAQ shares rose 8.76 to 765.751. Bond prices rallied on rumors that the Feds were inclined -- at least for the time being -- to hold back on further interest rate hikes. The yield...