The stock market finally bounced back, and the technology sector began to recover after losing nearly ten percent of its value.
Published:
8 January 2000 y., Saturday
The Dow Jones industrial average closed up 269.30, or 2.39 percent, at 11522.56, while the Nasdaq rose 155.49, or 4.17 percent, to 3882.62. Internet stocks, which took a pounding all week, saw some of the best recoveries on Friday. Yahoo skyrocketed 39 1/16 to 407 1/4; RealNetworks climbed 18 7/8 to 132 1/14; Lycos gained 6 1/16 to 70 3/4; Amazon was up 4 to 69 9/16; and AOL added 4 1/4 to 73.
Chip vendors also showed surprising strength. Intel picked up 3 1/4 to 82; Analog Devices was up 2 3/8 to 86 7/8; National Semiconductor rose 1 1/2 to 43; LSI Logic gained 1 1/4 to 61 1/4; and AMD rose 11/16 to 32 11/16.
Software vendors also enjoyed a sizable bounce. The hardware sector was a little more mixed. The networking sector did largely well.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments.
more »
Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania.
more »
The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius.
more »
As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market.
more »
The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News.
more »
The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots.
more »
The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine.
more »
A settlement in an international tax dispute that strained U.S. ties with Switzerland.
more »