Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: Goldbug Guru who wrote (1434)	11/23/1998 5:04:00 PM
From: waldo	Read Replies (1) \| Respond to of 37507

"These days are ours!" Dow 10,000 before XMAS? Monday November 23, 4:51 pm Eastern Time Dow Closes At Record High NEW YORK (AP) -- The Dow plowed back into record territory today, completing a nearly 2,000-point rebound from its summer slide, as a spurt of merger activity fueled another rally in the stock market. The Dow Jones industrial average rose 214.72, or 2.3 percent, to 9,374.27. The Standard & Poor's 500 rose 24.64 to a record 1,188.18, topping the July 17 record of 1,186.75. The Nasdaq composite index, dominated by big technology names stocks and smaller companies, rose 49.21 to 1,977.42, but remains about 37 points from its July 20 peak at 2,014.25. Advancing issues outnumbered decliners by a 3-to-2 margin on the New York Stock Exchange, with 1,862 up, 1,244 down and 474 unchanged. Nasdaq gainers led by just an 8-to-7 ratio. NYSE volume totaled 764.38 million shares as of 4 p.m., up from 717.77 at the same time Friday. The NYSE composite index rose 10.17 to 582.25, and the American Stock Exchange composite index fell 3.10 to 672.00. The Russell 2000 index of smaller companies rose 3.86 to 398.15. The return to record terrain caps a fourth-month odyssey that saw the Dow fall as low as 7,400 on Sept. 1 and then 7,467 on Oct. 8, the day the market recovery began. Before the rebound began, it had seemed that the spread of financial turmoil around the world would send Wall Street to its first losing year since 1990. Now, several major indexes are poised to extend an unprecedented streak of three straight years with gains of 20 percent or more. The Standard & Poor's 500 is up 22.4 percent for the year, the Nasdaq composite is up 25.9 percent, and the Dow isn't very far behind at 18.5 percent. Stocks opened the day strong amid signs of a return to the merger frenzy that energized the market back in the spring and early summer. Financial shares rallied as Germany's Deutsche Bank confirmed reports that it is discussing the final details of $9 billion deal to take over Bankers Trust. Technology shares rose sharply, led again by the Internet group, as America (NYSE:AOL - news) Online said it is negotiating to buy Netscape Communications in a $4 billion deal that may include Sun (Nasdaq:SUNW - news) Microsystems. Overseas, Germany's DAX index rose 2.2 percent, Britain's FT-SE 100 rose 2.3 percent, and France's CAC-40 rose 1.1 percent. Japanese markets were closed for a holiday. biz.yahoo.com