Insurance stocks help US stocks recover
Article Abstract:
The Dow Jones industrial average gained 138.49 or 1.42 percent, to close at 9,888.48 whereas the Nasdaq composite index added 14.75 or 0.77 percent to 1,928.79 with a rise in insurance stocks. The insurance sector got a boost after the company Marsh &McLennan replaced its CEO in the face of a probe and announced a number of changes in hopes of appeasing New York Attorney General Eliot Spitzer.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Mergers, IPOs may be more warning than welcome sign
Article Abstract:
Mergers and initial-public-offering activity is on rise as a result of resurgence of stock prices, low interest rates and the turnaround in corporate companies. With mergers and initial-public-offering activity increasing the market is expected to decline in the future.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Negative view pressures tech shares: Bank of America said chip-makers had built-up excess inventory. The broader market was flat
Article Abstract:
Negative view of the semiconductor industry pressured technology shares on August 23rd, 2004. But the declining oil prices relieved investors and are considered as a bright spot in the share market.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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