18 May 2001, 09:03 US stocks end higher, extending recent gains; Hewlett-Packard soars
New York, May 17 (BridgeNews) - U.S. stocks saw some impressive
follow-through buying as investors continued to cheer the Federal
Reserve's aggressive interest rate cuts. A 15% jump in shares of
Hewlett-Packard (HWP) also gave the market a lift, sending the Dow
industrials to a fresh eight-month high. The Nasdaq closed up 27.24, or
1.26%, to 2193.64. The Dow was up 32.66, or 0.29%, to 11,248.58 and the
S&P 500 was up 3.50, or 0.27%, to 1288.49.
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