Earnings Optimism Sparks Wall Street

Thu., Oct. 7, 1999

From Staff

Stocks soared Wednesday as investors cast aside interest rate concerns and turned upbeat about third-quarter earnings. Financial and Internet issues once again led the gainers.

The Dow Jones industrial average climbed 187.75 to 10,588.34. The Dow has rebounded nearly 375 points, or 3.7 percent, since last Wednesday, when it reached 10,213.48, its lowest point since April 9.

The index is now up 15.3 percent for the year.

Analysts said investors were focused on third-quarter earnings reports that have begun to trickle in and expected many of them to be strong.

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Earnings Optimism Sparks Wall Street

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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