The stock market finally bounced back, and the technology sector began to recover after losing nearly ten percent of its value.
Published:
8 January 2000 y., Saturday
The Dow Jones industrial average closed up 269.30, or 2.39 percent, at 11522.56, while the Nasdaq rose 155.49, or 4.17 percent, to 3882.62. Internet stocks, which took a pounding all week, saw some of the best recoveries on Friday. Yahoo skyrocketed 39 1/16 to 407 1/4; RealNetworks climbed 18 7/8 to 132 1/14; Lycos gained 6 1/16 to 70 3/4; Amazon was up 4 to 69 9/16; and AOL added 4 1/4 to 73.
Chip vendors also showed surprising strength. Intel picked up 3 1/4 to 82; Analog Devices was up 2 3/8 to 86 7/8; National Semiconductor rose 1 1/2 to 43; LSI Logic gained 1 1/4 to 61 1/4; and AMD rose 11/16 to 32 11/16.
Software vendors also enjoyed a sizable bounce. The hardware sector was a little more mixed. The networking sector did largely well.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism.
more »
Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.
more »
The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume.
more »
The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF).
more »
The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008.
more »
The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity.
more »
In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton.
more »
The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs).
more »
On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits.
more »
EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter.
more »