NewsMine — economy — united-states — 2003 — 2003-may-june — Viewing Item

Stocks rise cisco sun { May 12 2003 } Original Source Link: (May no longer be active)    http://reuters.com/newsArticle.jhtml?type=businessNews&storyID=2726076 http://reuters.com/newsArticle.jhtml?type=businessNews&storyID=2726076 Stocks Rise; Cisco, Sun Lead Techs Mon May 12, 2003 04:10 PM ET NEW YORK (Reuters) - Stocks ended more than 1 percent higher on Monday as investors snatched up marquee technology names such as Cisco Systems Inc. and Sun Microsystems, betting on an economic recovery. The tech-laced Nasdaq Composite Index was up 21.25 points, or 1.40 percent, at 1,541.40, according to the latest data. The Dow Jones industrial average rose 122.13 points, or 1.42 percent, to 8,726.73. The Standard & Poor's 500 Index added 11.71 points, or 1.25 percent, at 945.12. It was the highest close since mid-June 2002 for Nasdaq and since late August 2002 for the S&P. It was the Dow's highest finish since mid-January 2003. Cisco, the Web gear giant, jumped 4.5 percent, or 72 cents, to $16.67, following a positive brokerage call, and helped boost the networking sector. Sun surged 8.8 percent, or 34 cents, to $4.21, amid persistent rumors the company will be taken over, analysts said. The recent rally has driven the S&P 500 up 18 percent since mid-March, and some experts cautioned that the market could be running on empty. As the flow of corporate earnings reports thins to a trickle, the Street turns its sights to a series of economic reports this week.

318b congress tax cut { May 22 2003 } California borrow record 11b { May 2 2003 } California near financial disaster { June 30 2003 } Consumer spending dips { May 15 2003 } Deflation like great depression { June 20 2003 } Delfation fears grow { May 16 2003 } Delfation fears Dollar falls lower to euro { May 2 2003 } Dollar stable but sick { May 12 2003 } Dow surges 9000 Ehrlich withholds maryland funding { June 26 2003 } Fed cuts to halt deflation { June 24 2003 } Fed rate cut one percent { June 25 2003 } Fed rate unchanged { May 6 2003 } Fed ready 45 year low rate cut Fed refuses to print money Greenspan hits back at buffett warnings Insiders stock selloff { June 8 2003 } Job market worst since 1990 { June 17 2003 } New hyper bull market by small investors { June 22 2003 } Prices decline deflation fears Rate cut steepen dollar slide { May 21 2003 } Sars might ease deflation { May 9 2003 } States horrid budget struggle { June 26 2003 } Stock losses 100 000 fewer millionaires { June 11 2003 } Stocks drop terror madcow fears { May 20 2003 } Stocks fall dow below 9000 { June 10 2003 } Stocks rise cisco sun { May 12 2003 } Tech jobs moving over seas { May 19 2003 } Us cut 6000 airport screeners Files Listed: 30

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