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BUSINESS
June 16, 2006 | Tom Petruno, Times Staff Writer
Stocks roared back on Thursday, lifting the Dow index nearly 200 points, as fears about the economy eased after Federal Reserve Chairman Ben S. Bernanke sounded less strident about inflation risks. Broader Wall Street indexes also zoomed, as did most major foreign markets. Although analysts warned that stocks would have a hard time climbing back to their spring highs, many said they saw no reason to expect a further meltdown in the near term.
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BUSINESS
November 5, 2010 | By Nathaniel Popper, Los Angeles Times
Investors bought in to the Federal Reserve's new plan to stimulate the economy, pushing broad stock market indexes to their highest levels since the worst of the financial crisis more than two years ago. The central bank's decision to pour an additional $600 billion into the economy by buying Treasury bonds has been greeted with some skepticism and criticism as well as praise, but investors appeared to conclude Thursday that there was no use...
BUSINESS
February 2, 2011 | By Tom Petruno, Los Angeles Times
More signs that the U.S. economy's fourth-quarter momentum has spilled into 2011 are giving stock market bulls a fresh jolt of confidence. The Dow Jones industrial average on Tuesday closed above 12,000 points for the first time since June 2008 ? another milestone in the market's rebound from its deep plunge after the financial crisis. Shaking off the continuing social unrest in the Middle East, the Dow jumped 148.23 points, or 1.2%, to end the session at 12,040.16. The prospect of revolution in Egypt had sent oil prices surging Friday and triggered a modest global sell-off in stocks.
BUSINESS
February 28, 2001 | Dow Jones
Newport Corp., an Irvine supplier of high-precision fiber-optic instruments, will be added to the Standard & Poor's MidCap 400 Index after the close of trading today. Newport will replace Cintas Corp., the maker of corporate-identity uniforms that is moving to the S&P 500 Index, replacing Summit Bancorp. FleetBoston Financial Corp. is acquiring Summit in a transaction expected to close today.
BUSINESS
December 6, 2002 | From Associated Press
Finance officials from California and nine other states asked Standard & Poor's to remove 10 offshore companies from the S&P 500 index. The request is the latest in a series of attempts to pressure the companies to reregister in the United States. National labor officials joined the state officials in arguing that the companies aren't paying their fair share of taxes because they're based in places such as Bermuda or the Cayman Islands.
BUSINESS
December 6, 2000 | Dow Jones
Standard & Poor's said Tuesday that it will add QLogic Corp., an Aliso Viejo designer of chips and circuit boards that link computers and data-storage systems, to its S&P 500 Index. S&P said in a press release that QLogic, already an S&P MidCap 400 component, will join two other newcomers, Vitesse Semiconductor Corp. and Stryker Corp., effective Monday. The companies will replace Polaroid Corp., Springs Industries Inc. and Russell Corp., all of which will move to the SmallCap 600 index.
BUSINESS
September 24, 1996 | From Bloomberg Business News
None of the 10 biggest U.S. stock mutual funds is generating higher returns than the Standard & Poor's 500 index over the last three years. The funds, ranging from the $53.2-billion Fidelity Magellan Fund to the $15.2-billion Vanguard Windsor Fund, have all recorded lower gains than the S&P 500's annual return of 17.1% since September 1993, according to a report by Lipper Analytical Services Inc.
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