8 March 2001, 12:06 US stocks close higher brushing off profit warnings
New York, March 7 (BridgeNews) - U.S. stocks rose as investors brushed
off profit warnings and analyst downgrades for a third day. Hopes that the
market may have found a bottom and a bullish note from Goldman Sachs
strategist Abby Joseph Cohen added to the positive tone. The Nasdaq closed
up 19 points to 2223 and the Dow was up 138, or 1.3%, to 10,729. The S&P
500 was up 8 points to 1261.
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