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BUSINESS
September 1, 2004 | From Bloomberg News
Russell Investment Group will add initial public offerings to its stock indexes every quarter beginning Sept. 30 to more accurately reflect the U.S. market, Russell, a unit of Northwestern Mutual Life Insurance Co., said Tuesday. IPOs had been added once a year as part of Russell's annual index reconstitution. The new plan means about 40 IPOs -- including Google Inc. -- will join the indexes at the end of the third quarter this year, said Russell, which manages more than $110 billion in assets.
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BUSINESS
September 1, 2004 | From Bloomberg News
Russell Investment Group will add initial public offerings to its stock indexes every quarter beginning Sept. 30 to more accurately reflect the U.S. market, Russell, a unit of Northwestern Mutual Life Insurance Co., said Tuesday. IPOs had been added once a year as part of Russell's annual index reconstitution. The new plan means about 40 IPOs -- including Google Inc. -- will join the indexes at the end of the third quarter this year, said Russell, which manages more than $110 billion in assets.
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BUSINESS
December 31, 2006 | Tom Petruno, Times Staff Writer
Many professional investors' stock market forecasts for 2007 are following a time-honored strategy: Restrain your expectations and you're less likely to be disappointed. The typical outlook of money managers and market strategists is for a price gain of less than 10% in U.S. blue-chip stocks, more-modest returns on smaller stocks, and a general hankering for higher-quality investments over riskier ones. And yes, you've heard this all before. A year ago, in fact.
BUSINESS
January 12, 2008 | Thomas S. Mulligan, Times Staff Writer
Increasing fears that the nation is headed for a recession -- or, indeed, may already be in one -- drove the stock market sharply lower Friday, closing out a third straight losing week. Investors pushed aside the prospect of more interest rate cuts by the Federal Reserve, as well as news of Bank of America's proposed rescue of Countrywide Financial.
BUSINESS
March 31, 2007 | From Times Staff and Wire Reports
Stocks rose, dropped and then recovered Friday -- much as they did over the course of the first quarter. The action on the last trading day of the period was fueled by stronger-than-expected economic data, offset by concerns about trade issues and inflation pressures. For the three months most broad U.S. market indexes posted gains, despite a sharp pullback in late February and early March. The blue-chip Standard & Poor's 500 index was up 0.2% in the quarter.
BUSINESS
March 30, 2006 | From Times Staff and Wire Reports
U.S. stocks on Wednesday staged a broad rally, sending the main Nasdaq index to a five-year high, on confidence that corporate profit growth will persist in the face of rising interest rates. The market bounced back after declining Tuesday, following the Federal Reserve's 15th straight interest rate increase and policymakers' suggestion that short-term rates would keep moving higher. In the bond market Treasury yields continued to climb, reaching fresh multiyear highs.
BUSINESS
December 2, 2004 | Kathy M. Kristof and James F. Peltz, Times Staff Writers
Stocks rocketed Wednesday, with the Dow Jones industrials soaring more than 162 points on a sharp drop in oil prices and a raft of better-than-expected economic news. Crude oil plunged $3.64 a barrel, or 7.4%, to $45.49 in New York trading. It was the steepest one-day price drop since the aftermath of the Sept. 11, 2001, terrorist attacks. And with it oil has now tumbled $9.68 a barrel, or 17.5%, from its closing high of $55.17 set Oct. 22 and again Oct. 26.
BUSINESS
September 4, 2004 | Kathy M. Kristof, Times Staff Writer
A brighter job picture wasn't enough Friday to overcome Intel's gloomy sales outlook, with the major stock indexes falling in light trading at the start of the long holiday weekend. The technology-heavy Nasdaq composite index was especially hard hit, falling 28.95 points, or 1.6%, to 1,844.48. Traders blamed the drop on Intel, which cut third-quarter revenue forecasts after the close of trading Thursday, citing weaker demand for personal computers and mobile phones worldwide.
BUSINESS
June 29, 2006 | From the Associated Press
Stocks advanced Wednesday in light trading as Wall Street recovered from the previous session's sell-off and awaited today's expected interest rate hike by the Federal Reserve. Traders were still nervous after the Dow Jones industrial average lost more than 120 points Tuesday on a sell-off fueled by worries about the Fed's pending interest rate decision and its accompanying policy statement.
BUSINESS
October 1, 2005 | Tom Petruno, Times Staff Writer
Wall Street ended the month with a modest rally Friday, adding to what were surprisingly strong gains for many stocks in a third quarter racked by rising interest rates, record energy prices and doubts about the U.S. economy. The Dow Jones industrial average, which edged up 15.92 points, or 0.2%, to 10,568.70 on Friday, rose 2.9% for the quarter after losing ground in the first half of the year. Broader market indexes outpaced the Dow in the last three months.
BUSINESS
May 8, 2005 | Kathy M. Kristof, Times Staff Writer
If individual investors bought stocks the way they buy breakfast cereals, they'd dramatically improve their returns. Or so says Craig Ueland, president and chief executive of Russell Investment Group in Tacoma, Wash. His point: People will stock up when a cereal is on sale, and pass it by when the price shoots up. "If you go into the supermarket and Cheerios suddenly cost $8 a box instead of $4, what do you do? You look around and see what else you'd like for breakfast," he said.
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