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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (36220)	4/25/2001 4:24:01 PM
From: stockman_scott	Respond to of 65232

Stocks Rise As Rally Snaps Three-Day Drop Wednesday April 25, 4:18 pm Eastern Time <<NEW YORK (Reuters) - Stocks rose on Wednesday, snapping a three-day losing streak. The Dow Jones industrial average (.DJI) climbed 170.67 points, or 1.63 percent, to 10,625.01, according to the latest data, and the Nasdaq Composite Index (.IXIC) rose 43.01 points, or 2.13 percent, to finish at 2,059.62. The benchmark Standard & Poor's 500 index (.SPX) added 19.22 points, or 1.59 percent, to 1,228.69. Wall Street also got a boost after the National Association of Realtors said U.S. March sales of existing homes rose 4.8 percent, well above Wall Street's expectations. Shares in homebuilders strengthened on the news, including Champion Enterprises Inc.'s (NYSE:CHB - news) 45-cent rise to $7.60 and a $1.37 gain in D.R. Horton Inc.'s (NYSE:DHI - news) shares to $23.61. ``There are signs that companies are managing their way through a terrible storm and it'll eventually blow over,'' said Joseph Besecker, who helps manage $1 billion for Emerald Asset Management. ``We firmly believe that, while there are still clouds ahead, the worst is over. The market believes it, too.''>>