19 January 2001, 08:44 US stocks end higher
New York--Jan. 18--The Nasdaq surged 3% and the broader market rallied
smartly after some major technology stocks issued bullish profit outlooks.
Investors also cheered weaker-than-expected economic data, which signaled
the Federal Reserve might cut rates by 50 basis points later this month.
The Nasdaq closed up 85.68, or 3.19%, to 2768.46 and the Dow was up 93.94,
or 0.89%, to 10,678.28. The S&P 500 was up 18.50, or 1.39%, to 1347.97.
© 1999-2024 Forex EuroClub
All rights reserved