Nasdaq up 77% for year

Article Abstract:

The NASDAQ Composite Index rose by 127 points and closed at 3911 on Dec 21, 1999. This is the first time that NASDAQ breached the 3900 barrier and is its 56th new high for 1999. The feat has been surpassed only by the 82% gain attained by the Dow Jones Industrial Average in 1915. A reason for NASDAQ's rise is the decision of the Federal Reserve to maintain current interest rates. Investor interest in technology stocks, which have continued to appreciate in value, also fuelled the rise in NASDAQ's value.

Stock quotation services

---

Markets rise on Greenspan comments

Article Abstract:

Federal Reserve chief Alan Greenspan's comment on rate increases has spurred investor confidence in the stock market. The event tipped the Nasdaq composite index up by 48 points, or 1.2% to 4029.57. Meanwhile, the Dow Jones industrial average gained 14.85 points to 10,699.97. The USA Today Internet 100 gained 3.01 points, or 1.9% to 163.99, while the Standard and Poor's 500 index gained 10.18 points to 1474.47.

---

Chip orders rise, but makers' woes may not be over

Article Abstract:

Intel and other makers of computer chips are happy that their orders are increasing, but analysts said that the companies must wait a little longer for a recovery.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Contracts & orders received, Intel Corp., INTC, Abstract

Similar abstracts:

• Abstracts: Yahoo fails to offer haven from tech earnings carnage. Cisco's streak may not be last to end. Market punishes tech's bad news
• Abstracts: GM beams up OnStar system to rival automaker Honda. Automaker recruits college students as sellers. Electric-car recharge sparks automaker battle
• Abstracts: Tire recall cited as Explorer sales fall 16% in October. Online retailers seeking vehicles that deliver
• Abstracts: Gates predicts big things from small devices. Watkins gets frank about days at Enron. Race issues shake tech world
• Abstracts: Merger fears drive push for union at Delta. Full flights, sickout could mar weekend. Delta, union appear to avert strike

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.