13 July 2001, 09:16 US stocks end sharply higher following earnings surprises
New York, July 12 (BridgeNews) - A positive pre-announcement from
Microsoft (MSFT) and better-than-expected earnings from Yahoo! (YHOO) and
Motorola (MOT) sent the Nasdaq up 5% while the Dow industrials soared more
than 200 points.
The Dow Jones industrial average ended up 237.97 points, or 2.32%, to
10,478.99 and the Nasdaq Composite index rocketed 103.70 points, or 5.26%,
to 2075.74.
The S&P 500 jumped 27.96 points, or 2.37%, to 1208.14.
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