Stocks Drop Sharply on Profit Taking

Stock prices fell sharply today amid a flurry of merger-and-acquisition news and some economic data, but most market watchers said the plunge was driven by profit taking after several strong weeks of gains. The Dow dropped 106.48 points, or 1.01 percent, to 10,440.58. The Nasdaq was the day's bigges...


Dow Slumps But Techs Gain in Mixed Trading

U.S. stocks ended mixed today as only the tech-heavy Nasdaq managed to make gains in the face of higher crude oil prices and a rash of broker downgrades targeting some high-profile Dow shares. The Dow dropped 45.15 points, or 0.43 percent, to finish at 10,547.06. The Nasdaq gained 3.29 points, or 0....


Stocks End October with Mixed Session

A report showing the U.S. economy continuing to expand failed to spark a rally in stocks today as shares closed out a strong week with a mixed session. The Dow managed to add to the week's gains, tacking on 22.93 points, or 0.23 percent, to end the week at 10,027.47. The Nasdaq lost a little ground,...


Blue Chips Soar on Insurance Probe News

Blue Chip stocks roared to sizeable gains today, as investors set aside the worst reading on consumer confidence since the spring to focus on better prospects for the insurance sector. The Dow gained 138.49 points, or 1.4 percent, to finish at 9,888.48. Most of the gain was attributable to jumps in ...


Markets Rise on Earnings Outlook Despite Oil Prices

A rare bullish outlook from a major Dow company helped investors look past still-rising oil prices and become buyers in a late-day rally that sent stocks higher across the board. Heavy equipment maker Catepillar ignited the rally by saying that its 2004 sales would come in above previous forecasts.

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