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Research, estimates) said it has resumed a $1.8 billion stock buyback program suspended after its merger agreement with compaq (cpq The dollar was weaker against the euro and the yen. Research, estimates), while applied micro.
Internet consolidation news of stock splits, mergers and earnings ruled the day, fueling a rally in internet and technology issues and helping the broader market march higher. In overseas stock markets, asia's were mixed and europe's rallied I think our market is in a trading range for the year between 7,500 and 10,000 [for the dow industrials] and yesterday and today doesn't change that, acuff said.
Market breadth was decisively negative, with declines outnumbering advances by 1,958 to 695 on the new york stock exchange, while trading volume reached 253 million shares.
A spate of merger news and bullish sentiment after wall street slashed its losses late friday helped push u.s Stock markets higher monday, bringing on a rally that gained momentum around midday. Trading volume on the new york stock exchange reached 859 million shares, with declines leading advances 1,953 to 1,131 The nasdaq composite gained 5.23 to 2,326.09, its fifth straight record high.
Stocks and bonds rallied wednesday as investors read the latest federal reserve policy statement as implying that the central bank is more likely to cut rates than raise them anytime soon.
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