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BUSINESS
June 6, 1991 | From Associated Press
As small- and medium-sized companies lead the charge on Wall Street, an investment information giant Wednesday rolled out a new system to track performance of their fast-growing stocks. Standard & Poor's Corp. announced a new S&P MidCap Index to measure the stock performance of 400 medium-sized companies.
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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.
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BUSINESS
September 9, 1999 | Bloomberg News
Goldman Sachs & Co. chief investment strategist Abby Joseph Cohen raised her forecast for the Standard & Poor's 500 index Wednesday, predicting that it will rise 3% by the end of the year as U.S. corporate profits grow faster than analysts had expected.
BUSINESS
September 9, 1999 | Bloomberg News
Goldman Sachs & Co. chief investment strategist Abby Joseph Cohen raised her forecast for the Standard & Poor's 500 index Wednesday, predicting that it will rise 3% by the end of the year as U.S. corporate profits grow faster than analysts had expected.
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
November 12, 1998 | Bloomberg News
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.
BUSINESS
April 6, 1999 | PAUL J. LIM, TIMES STAFF WRITER
The first quarter of 1999 may have seemed like another bitter performance pill for mutual fund investors to swallow. But it depends on how you measure it. True, fewer than 25% of all U.S. diversified stock funds managed to beat the benchmark Standard & Poor's 500 index of blue-chip stocks, continuing a frustrating five-year trend that has given the fund industry a PR problem. And the average domestic stock fund was up just 0.9% for the quarter, versus 5% for the S&P.
BUSINESS
September 4, 2001 | TOM PETRUNO, TIMES STAFF WRITER
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.
BUSINESS
January 3, 2001 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
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.
BUSINESS
February 1, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
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.
BUSINESS
April 6, 1999 | PAUL J. LIM, TIMES STAFF WRITER
The first quarter of 1999 may have seemed like another bitter performance pill for mutual fund investors to swallow. But it depends on how you measure it. True, fewer than 25% of all U.S. diversified stock funds managed to beat the benchmark Standard & Poor's 500 index of blue-chip stocks, continuing a frustrating five-year trend that has given the fund industry a PR problem. And the average domestic stock fund was up just 0.9% for the quarter, versus 5% for the S&P.
BUSINESS
November 12, 1998 | Bloomberg News
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.
BUSINESS
June 6, 1991 | From Associated Press
As small- and medium-sized companies lead the charge on Wall Street, an investment information giant Wednesday rolled out a new system to track performance of their fast-growing stocks. Standard & Poor's Corp. announced a new S&P MidCap Index to measure the stock performance of 400 medium-sized companies.
BUSINESS
December 29, 2000 | From Times Staff and Wire Reports
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%.
BUSINESS
September 15, 2000 | From Times Staff and Wire Reports
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.
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