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
Parex Bankas won the tender organised by UAB Investicijų ir Verslo Garantijos regarding the financing of very small, small and medium-sized enterprises, and is to lend LTL 100 million together with other three selected banks.
more »
The European Commission has approved, under EC Treaty state aid rules, the €5 billion risk shield for German bank WestLB and accompanying measures, following an in-depth investigation opened in October 2008.
more »
MEPs have backed new rules to rebuild trust in Europe's battered banks through better financial supervision and risk management.
more »
Taking into consideration the tendencies in the market, starting from 11 May this year AB Bank SNORAS will change the interest rates on time deposits in Litas, Euro, Great Britain pounds and USA dollars.
more »
Now VW and Porsche who are looking into a merger.
more »
First European SME week supports small businesses and encourages entrepreneurship.
more »
Officials at an El Paso bank said $120,000 found at an ATM doesn't belong to the bank.
more »
The placing on the market of seal products should not be allowed say MEPs. It is permitted only where the seal products result from hunts traditionally conducted by Inuit and other indigenous communities.
more »
President Barack Obama is calling on Congress to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and allow wealthy people to evade taxes using offshore accounts.
more »
MEPs will discuss the protection of animals used for science Monday evening along with a proposal to ban the trade in seal products.
more »