Markets bounce back on earnings news

Article Abstract:

The markets' rebound on Oct 19, 2000, has been prompted by strong earnings results from software giant Microsoft Corp, computer server behemoth Sun Microsystems and wireless giant Nokia. The earnings trend emboldened investors to get back into the buying mood. The Nasdaq composite index went up 247.04 points, or 7.8%, to 3418.60. The Dow Jones industrial average also staged a strong surge, adding 167.96 points, or 1.7%, to 10,142.98. The Standard and Poor's 500 gained 46.63 points, or 3.5%, to 1388.76 points.

Securities and Commodity Exchanges, Securities Exchanges

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Weak euro fuels strong U.S. sales of Porsche models

Article Abstract:

Porsche models sales in the US have grown stronger with the weakening euro, Europe's common currency. The low euro has translated ot hih profits especially for exporters whose major market is the US. Porsche reported in Nov 2000 that after-tax revenue for the fisyal year ending Jul 31 was $183.3 million, up from $166.7 million in 1999. This despite the fact that Porsche is investing heavily in a new model, a sport-utility vehicle that is due in 2002.

Automobile Manufacturing, Sports Cars, Porsche AG

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