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
The European Commission has approved an application from Spain for assistance under the European Globalisation adjustment Fund (EGF).
more »
Green issues continue to dominate the headlines, as MEPs from the Transport Committee vote Wednesday on possible new charges for lorries, based not only on CO2 emissions but other factors such as noise and air pollution and congestion.
more »
High level representatives from business, higher education and politics are meeting in Brussels on 5-6 February for the 2009 European University-Business Forum.
more »
Bailoutbooth.com is doling out $50 and $100 bills to anyone over 18 who can explain why they need it.
more »
China's big three airlines are predicting a bumpy ride for 2009. With the global economic slowdown, failing passenger demand and cost pressures, all three carriers are feeling the credit crunch's bite.
more »
The Czech EU Presidency aims to give a new impetus to European car industry, a key sector that has been seriously hit by the global economic crisis.
more »
Opening a new front in the fight against climate change, cities across Europe vow deeper emission cuts.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed individual and corporate customers time deposit rates.
more »
A European Commission report shows that structured dialogue between workers' and employers' representatives can help the EU face the economic crisis.
more »
Dennis Kozlowski, the ex-Tyco CEO who spent 6 thousand dollars in company money on a shower curtain, has plenty of company today in the corporate shame game.
more »