Markets rally on buying binge

Article Abstract:

The stockmarket got a much-needed boost on Nov 14, 2000, after it experienced a massive, across-the-board rally. A day after the Nasdaq composite closed below 3000 for the first time since 1999, investors snapped up stocks that they felt were too cheap to ignore. The buying binge has resulted in big gains for wounded big-cap techs such as Cisco Systems, which rose $2.50 to $52.87, Intel which rose $2.56 to $40.75, and Microsoft, which rose $2 to $68.44. The buying binge was sparked by solid earnings from retailing giants Home Depot and Wal-Mart, two of the most respected strategists on Wall Street.

Securities and Commodity Exchanges, Market information - general, Securities Exchanges

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Depression

Article Abstract:

The authors examine the financial condition of the United States. Topics include economic depressions, unemployment, and recessions.

Unemployment, United States economic conditions, Recessions, Depressions, Economic depressions, Economic recovery

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