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Article: Wall Street Stocks Rally After Heavy Losses
- Article from:
- Xinhua News Agency
- Article date:
- July 25, 2001
CopyrightCopyright 2001 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Wall Street stocks rallied Wednesday on investors' buying after
the heavy losses in last three sessions, supported by upbeat news
from listed companies including Bristol-Mayers and Texaco.
The Dow Jones industrial average surged 164.55 points, or 1.61
percent, to 10,405.67, after falling 368.88 points in last three
sessions.
Broader stock indicators were up. The technology heavy Nasdaq
composite index jumped 25.08 points, or 1.28 percent, to
1,984.32,following a drop of 87.35 points during previous three
sessions. The Standard & Poor's 500 index climbed 18.84 points, or
1.6 percent, to 1,190.49, after the 43.37-point losses in last three
trading days.
The market began to rally as investors ...