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Wall Street had a stunning recovery today, rebounding from last Friday's furious sell-off. The Dow Jones industrial average closed with its third-largest point gain, rising 110.55 points to 5,581.00. Other indexes also rose: The NYSE's composite index was up 3.01 at 342.75, the Standard & Poor's 500 composite went up 6.52 to 640.02, and the NASDAQ composite index was at 1,078.83, up15.10. In London, gold finished...
...Street used to regard a 10% "correction" as standard after an especially sharp and rapid advance, but the Dow has not had even a temporary downswing that large in the past five years. Huge as it seemed in points, last week's drop came to only 1.6% of the index total...
Wall Street had a stunning recovery today, rebounding from last Friday's furious sell-off. The Dow Jones industrial average closed with its third-largest point gain, rising 110.55 points to 5,581.00. Other indexes also rose: The NYSE's composite index was up 3.01 at 342.75, the Standard & Poor's 500 composite went up 6.52 to 640.02, and the NASDAQ composite index was at 1,078.83, up15.10. In London, gold finished...
...Wall Street reeling. The Dow Jones industrial average closed down 171.24 to finish at 5470.45, the third largest net one-day drop ever. Other markets followed suit. The NYSE composite was down 10.31 at 339.83, the Standard & Poor's 500 composite declined 20.46 at 633.19, the AMEX market value index was down 10.25 at 560.06, and the Nasdaq composite was off 23.38 at 1,069.74. The report driving the decline revealed that American businesses added 705,000 jobs in February, and that the national unemployment rate dropped to 5.5 percent from 5.8 percent, another significant improvement. Against the background...
...Jones industrial average closed at a near-record 5,641.69, up 11.92. Declining issues narrowly lead advancers on the New York Stock Exchange on a heavy volume of 425.74 million shares as of 4 pm. The S & P's 500 index rose 1.65 to 653.65, while the Nasdaq rose 1.30 to 1,093.12. In London, gold finished...