Markets bounce back on retail news
Article Abstract:
Stock markets have bounced back on Nov 14, 2000, after top retailers released strong earnings news. The Nasdaq composite index rose by 171.55 points to 3138.27, ending its six-session 484.86-point sell-off. Despite the 5.8% gain, however, the Nasdaq has remained down 23% in 2000. The Dow Jones Industrial average also gained 163.82 points, or 2.3%, to 1382.95, while the USA Today Internet 100 index rose 6.86 points, or 5.8%, to 124.36.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Investors return to concern: tech stocks plummet
Article Abstract:
Technology stocks plummeted once again on Dec 6, 2000, before investors could finish celebrating their record gains on Dec 5. The Dow Jones industrial average dropped 234 points to 10,664. Tech blue chips IBM, Intel, Microsoft and Hewlett-Packard accounted for 110 of the points lost. The Nasdaq also dropped 93.30 points to 1796.50. The decline was attributable to warnings about Intel and Yahoo as well as Fed Chmn Alan Greenspan's hints on a rate cut on Dec 5 which investors think may mean that the economy is in trouble.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Comment about this article or add new information about this topic:
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