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.
April 6, 2001 |
It wasn't a record day for trading volume or for percentage gains in key stock indexes, but Thursday's rally was powerful enough to get the bears out of the way--at least for an afternoon. The market's liftoff began at the opening bell, led by tech stocks after Dell Computer's surprise announcement late Wednesday that it wasn't revising first-quarter earnings estimates lower. The Nasdaq composite, which closed at a 29-month low of 1,638.80 Wednesday, opened trading Thursday at 1,709.91, up 4.
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%.