N.Y. Stock Exchange to extend hours

Article Abstract:

The New York Stock Exchange (NYSE), the world's biggest exchange, will have extended trading hours as early as Jul 1999. NYSE chairman Richard Grasso said the move should make the exchange in step with rival Nasdaq Stock Market, which is considering a similar move. Extended trading hours are also expected to benefit individual investors. Some experts, however, warn that thin trading during the extended hours could be used by unscrupulous parties to manipulate prices.

Strategy & planning, New York Stock Exchange, New York Stock Exchange Inc.

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Robust profits and confidence drive stocks

Article Abstract:

The stock market posted record buying levels on Apr 27, 1999, as companies continued to report strong profits and consumer confidence in the market remains high. The Dow Jones index added 113.12 points to reach 10,831.71, while the Standard and Poor's (S&P) 500 listing also remained high as 363 S&P companies posted an average 8.5% increase for the first quarter. The Commerce Dept also reports that per capita income increased 4.4% in 1998.

Market information - general, Securities Exchanges, Exchanges

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