From kitchen table to keyboard; investment clubs flock to Internet
Article Abstract:
Investment clubs use Internet-based stock and company information to increase the value of their stock portfolios. The new breed of investment clubs generally have male participants who favor investing in high-risk, high-return technology companies. Internet-based information ranges from breaking newswire data to rumors and speculation. Investment clubs also can access online brokerage firms and reams of financial documents. Analysts, however, warn that Internet-based company information is often misleading or inaccurate and that online stock exchanges are often flooded with users. Investment clubs often assign members with specific research tasks so the entire group can make stock purchasing decisions after consulting all available information. The Motley Fool and other popular investment Web sites are ideal for obtaining information about small companies Wall Street analysts do not cover.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Technology issues fuel stock market advance
Article Abstract:
The strength of technology issues on the stock market is helping to counter the impact of the dollar's decline against the Japanese. The dollar dropped to 93.75 yen and stopped at 94.14 yen despite the efforts of Japanese and European banks to increase its value by buying dollars in mass quantity. IBM led the advance in the Dow Jones industrial average with an increase of nearly $3 to a total of almost $80, the stock's highest price in two and a half years. Compaq, Dell, Intel and Texas Instruments also had increased stock prices. Technology stocks overall were more popular because they are viewed by Wall Street analysts as possible leaders in a slow economy. Nasdaq composite index, which contains a large number of technology issues, rose 5.11 points to 798.79, near its record closing in 1994.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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Dow resumes surge with help from I.B.M
Article Abstract:
Soaring IBM shares are helping the Dow Jones industrial average to rise higher than it has in 10 sessions. IBM shares are reportedly up 10 points over the last two sessions as of the close of business Nov 19, 1996. This is the third straight session in which IBM is responsible for initiating the Dow's upward move. IBM shares are reportedly up to 154 1/8 from 7 3/8, giving IBM its third consecutive high in nine years. IBM's jump has sparked enthusiasm in other computer stocks with its rise of 17 1/4 since Nov 15, 1996. This increase is equivalent to more than 50 Dow points, and has prompted the Dow to add 50.69 points to close at a near record- breaker of 6,397.60. Money managers scurry to increase their holdings as they anxiously await IBM's advancement.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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