27 December 2001, 11:35 U.S. shares rallied sharply but in light volume Wednesday
supported by early indications of strong retail sales during the
holiday. The Dow Industrials closed firmly over 10,000, up 52.72 at
10088.07 although that index had been up twice as much earlier in the
afternoon. The Nasdaq Composite was up 16.22 at the close, remaining
below 2000, at 1960.70. The Dow ended last year at 10789 while the
Nasdaq was at 2471. Despite the day's gains, dealers said activity was
quiet. Light sessions are expected Thursday and Friday also, as little
business before year-end is left to be done.
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