THE DOW JONES Industrial Average closed up 184.91 points, or 1.75%, to 10767.42, adding to Monday’s 276.74-point rise as support was seen from solid earnings reports as well as tech stocks.
Published:
19 April 2000 y., Wednesday
The Nasdaq composite gained 254.41, or 7.19%, to 3793.57, topping the record point rise of 217.87, or 6.6%, posted Monday. Tuesday’s gain also marked the index’s second biggest in percentage terms.
Other major U.S. indexes also advanced. The Standard & Poor’s 500-stock index climbed 40.17, or 2.87%, to 1441.61 and the New York Stock Exchange Composite Index gained 14.60, or 2.35%, to 634.81. Market breadth improved as advancing issues outpaced decliners nearly 2-to-1 on the Big Board.
Analysts described the two-day rally as much-needed after the Nasdaq composite closed down every day last week and the Dow industrials declined for three straight days. But none were prepared to say that the market had found its footing and wouldn’t go on to test new lows.
The recovery followed a volatile week that saw some of the biggest point losses on record. The two-day rally wiped out nearly half of last week’s 1125 Nasdaq tumble. Nevertheless, the composite still remains down nearly 25% from its March 10 high — firmly in bear market territory — while the Dow industrials are down more than 8% from their Jan. 14 high.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »