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Article: Blue chips rise on Fed news
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- August 23, 2000
CopyrightCopyright 2000 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Blue chips rise on Fed news; tech stocks mixed
Associated Press
Wednesday, August 23, 2000
New York -- Blue-chip stocks rose Tuesday after the Federal
Reserve kept interest rates unchanged, indicating that inflation
fears are moderating. Technology stocks were mixed, with computer
shares up and telecommunications issues down, partly on worries of
slowing corporate profits.
The Dow Jones industrial average gained 59.34, to 11,139.15.
The Nasdaq Composite Index rose 5.06, to 3958.21, and the Standard
& Poor's 500 index slipped 1.35, to 1498.13. The Russell 2000 Index
of smaller companies was up 1.01 at 517.46.
Advancing issues slightly outnumbered decliners on the New York
Stock Exchange.
The ...