November 12, 1998 |
Danaher Corp. (ticker symbol: DHR), a Washington-based maker of tools and auto components, will replace Stone Container Corp. in the Standard & Poor's 500 index at the close of trading Tuesday. Jefferson Smurfit Corp. is acquiring Stone Container, and the transaction is expected to close that day. Stocks of companies that join the S&P 500 sometimes get a boost because mutual funds that seek to track the blue-chip index must buy shares. Danaher closed unchanged Wednesday at $40.
September 4, 2001 |
Wall Street gets back to business this week to confront a stock market that appears in far weaker shape than when the summer began. Much like the economy, however, the market has been throwing off mixed signals about its status--and about what it might do next. Key indexes, including the Dow industrials and the technology-heavy Nasdaq composite, have slumped since June 1, and by last week were nearing the two-year lows set in late March and early April. The Dow closed at 9,949.
January 3, 2001 |
Happy New Year from Nasdaq. That market's composite index plunged 178.66 points, or 7.2%, to 2,291.86 on Tuesday, as investors opened the year by hammering already-depressed tech shares, as well as some that had escaped 2000 relatively unscathed. The broader market also was lower in the wake of a new report showing another slump in manufacturing activity. The blue-chip Dow Jones industrial average fell 140.70 points, or 1.3%, to 10,646.15, led by a dive in General Electric's shares.
February 1, 2002 |
Stocks rallied for a second day Thursday on optimism about the economy, but it wasn't enough to lift key indexes into positive territory for January--which could be a bad sign for the year. The Standard & Poor's 500 gained 1.5% on the day but finished the month down 1.6%, while the Nasdaq composite rose 1.1% but lost 0.8% for the month. The Dow industrials rose 157.14 points, or 1.6%, to 9,920.
December 29, 2000 |
Bargain hunting held sway over any remaining year-end tax-related selling on Thursday, as stocks rallied broadly in heavy trading. Major indexes posted mostly modest gains, but the rally was a relief to traders who worried that many investors remained eager to dump losers in the next-to-last session of the year. The Dow Jones industrials added 65.60 points, or 0.6%, to 10,868.76, while the Standard & Poor's 500 crept up 0.4%.
September 15, 2000 |
Earnings worries shifted Thursday from the tech sector to the blue-chip sector, leaving the stock market mixed once again. Meanwhile, oil prices headed higher again amid fresh tensions between Iraq and Kuwait. On Wall Street, the Dow industrials fell 94.71 points, or 0.9%, to 11,087.47, the lowest since Aug. 21. But the Nasdaq composite added 19.97 points, or 0.5%, to 3,913.86. Smaller stocks fared even better: The Standard & Poor's index of 600 smaller shares jumped 1% to 224.