Stocks Surge on Encouraging Military News
Tuesday, November 13, 2001
foxnews.com
NEW YORK — Stocks soared Tuesday, with the broad market hitting levels unseen since late August as investors scooped up stocks across the board on increased expectations of a speedy conclusion to the war in Afghanistan.
Helping fuel bullish sentiment were upbeat financial results from retailing giants such as Home Depot Inc. and a positive forecast from top semiconductor company Texas Instruments Inc.
The blue-chip Dow Jones industrial average gained 195.58 points, or 2.06 percent, to end at 9,750.95. The technology-packed Nasdaq Composite Index rose 51.96 points, or 2.82 percent, to 1,892.09 while the broader Standard & Poor's 500 Index climbed 20.76 points, or 1.86 percent, to 1,139.09.
The Nasdaq and S&P 500 posted their highest closes since late August, and the highest finish for the Dow since Sept. 6. Year-to-date, however, the Dow is down 9.6 percent, Nasdaq off 23.4 percent, and the S&P 500 has lost 13.7 percent. |
