March 30, 1999
The Dow's gain since Dec. 31, 1989, has been far outpaced by the tech-stock-heavy Nasdaq composite index. Still, broader-market indexes such as the NYSE composite and the small-stock Russell 2,000 are far behind the Dow. *--* Index Dec. 31, 1989 Monday % Change Nasdaq composite 454.82 2,492.84 +448% S&P 500 353.40 1,310.17 +271 Dow industrials 2,753.20 10,006.78 +263 Wilshire 5,000 3,419.88 11,893.39 +248 NYSE composite 195.04 613.16 +214 Russell 2,000 168.31 399.
December 29, 2000 |
The Nasdaq composite index hasn't been able to put together a three-day rally since late August. But history says that jinx is about to be broken. Today is the last trading day of the year, and in Nasdaq's entire history--since 1971--the index has never failed to rally in the final session of the year, says the Stock Trader's Almanac, a market fact book published by the Hirsch Organization in Old Tappan, N.J.
September 11, 2008 |
Stocks rebounded moderately Wednesday as shares of energy, raw-material and consumer-staple companies advanced but the financial sector extended its decline. Bank and brokerage stocks finished lower after Lehman Bros. said it planned to sell a majority stake in its investment management business and spin off its troubled mortgage assets. An index of financial stocks in the Standard & Poor's 500 stock index fell 0.7%. On Tuesday, the gauge tumbled 6.6% as worries about Lehman triggered a broad sell-off.
December 23, 2009 |
Stocks pushed higher for a third straight session after a surprisingly strong report on home sales bolstered the view that the economy is picking up speed. The Dow Jones industrial average rose nearly 51 points, bringing its three-day gain to 156 points. The Standard & Poor's 500 index closed at a fresh 14-month high, while the Nasdaq composite index ended at its highest level in 15 months. Stocks got off to a positive start after the National Assn. of Realtors said home resales jumped 7.4% in November to their highest level in nearly three years.
September 4, 2009 |
NEW YORK -- Stocks are rising in early trading, breaking a four-day losing streak after the latest reading on the jobs market and mixed retail sales reports. The gains in stocks come as the Labor Department said the number of people filing for unemployment claims fell last week by 4,000 to 570,000. However, the market had been expecting a bigger drop to 560,000. The market is also sifting through a number of sales reports from retailers. Overall, sales are still weak, but many companies, including Target Corp.
September 19, 2009 |
Stocks advanced in morning trading today, resuming a recent rally that took the Dow Jones industrials to a new high for the year earlier this week. Overseas markets were also mostly higher. Economic data has been better than expected this week in the U.S., the world's largest economy and a key trading partner. Major U.S. stock market indexes had risen in the first three days of the week on signs the economy is recovering, but gave some ground on Thursday. No major economic reports are on Friday's economic calendar, however.