4/2 NO TRADING DUE TO GOOD FRIDAY
4/5 10007.33 +174.82 2560.06 +66.69
4/6 9963.49 -43.84 2563.17 +3.11
4/7 10085.31 +121.82 2544.43 -18.74
4/8 10197.70 +112.39 2573.39 +28.96
Highlights from the week: The NASDAQ and the Dow finished with record days yesterday, for the third time this week. It was mainly due to the two interest rate cuts in Europe by the Bank of England and the European Central Bank. U.S. financial stocks flourished because of the expectation that the cut will keep U.S. interest rates low, too. These rate cuts could possibly increase spending in that region, therefore benefiting U.S. companies that conduct business overseas. Coca-Cola and the drug-giant Merck, both Dow components, experienced gains because of the news. The NASDAQ market has seen a lot of buying this week in anticipation of solid first quarter reports from the technology sector.
What is the Dow Jones Industrial Average? The DJIA represents 30 stocks traded on the New York Stock Exchange (NYSE) and are all major factors in their respective industries. These stocks are widely held by individuals and institutional investors. Many financial advisers think of it as a good indicator in telling whether the NYSE is doing well or poorly.
What is the NASDAQ Composite? The NASDAQ is the fastest growing stock market in the U.S. due to it being a screen-based stock market, compared to a trading floor market like the NYSE. It also has almost all of the technological stocks available for trading, which has proved to be a very volatile industry in the last couple of years.
- Compiled by Daily Staff Reporter Kevin Magnuson from wire reports.
04-09-99
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