Word: nasdaq
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Blue-chip stocks slipped as the dollar surged to its highest level in nearly six months. The Dow Jones industrial average fell 19.02 to 4640.84. On the New York Stock Exchange, advances led declines 1,180 to 1,035 on a volume of 330 million shares. The Nasdaq composite index dropped slightly, finishin down 0.07 at 1,012.37. The S & P index fell 1.17 to 558.57. In London, gold closed at $386.45, up $2.45.Photographs: Fuhrman by John McCoy/Pool Weaver by Tom Shanahan/AP USS Roosevelt by DOD Felix by Bob Jordan/AP Mantle by Eric Gay/AP
Netscape's debut led to a run on high-tech stocks, sending the Nasdaq index soaring up 7.98 points to 1,005.10. The Dow Jones industrial average declined 21.83 points, finishing at 4,671.49. On the New York Stock Exchange, advancing issues lead declines, 1,148 to 1,020 on a volume of 301 million shares. The Standard & Poor's composite index of 500 stocks fell 0.68 to 559.71. And in London, gold closed up $0.15 at $384.65 an ounce.Photos:Nussbaum by Cynthia Johnson for TIMEGingrich by Terry Ashe for TIMEClinton by Diana Walker for TIMEJerry Garcia by Joe Traver/REUTERSMap...
...optimistic economic prognosis from Federal Reserve Chairman Alan Greenspan prompted a bullish stock market to nose-dive. Wednesday's sell-off further weakened a market reeling from announcements of lowered profit expectations by Microsoft Corp. and Intel Corp. The technology-rich NASDAQ composite index sustained a massive 35.66 one-day loss, its largest point-drop since October 1987; it recovered almost 10 points by the close on Friday...
...more moderate drop of 57 points by the end of trading, Wall Street watchers feared that today's brief stampede, coming on top of a 50-point retreat yesterday, may indicate that the bulls are losing confidence. Triggered by a sell-off in technology stocks, trading hit the Nasdaq composite index proportionately harder, pushing it down 38 points. Today's drop followed Federal Reserve Chairman Alan Greenspan's upbeat economic report to Congress this morning. "Jittery investors interpreted that to mean no more interest rate cuts by the Fed," explainedTIME's John Greenwald, "and that's not what they wanted...
...with 311.37 million last Friday. Standard & Poor's 500 stock index advanced 2.34 to 547.09, while the New York Stock Exchange composite index climbed 1.15 to 292.99 and Standard & Poor's 500 list advanced 2.34 to 547.09. Gainers outnumbered losers by about 4 to 3 on the NYSE. The Nasdaq composite rose 1.08 to 934.53. At the American Stock Exchange, the market value index rose...