Markets Benefit From Latest Reports

Fri., June 2, 2000

From Staff

Stocks rallied Thursday as investors took heart in the latest signs that rising interest rates are successfully keeping inflation at bay. Buyers dipped into the technology sector, snapping up shares of market leaders that have been battered in the past few weeks.

A full slate of benign economic reports provided the spark for the gains amid hopes that growth will cool to a more sustainable, less inflationary pace. But with the government’s jobless report on deck for Friday morning, analysts were recommending that investors remain cautious.

The Nasdaq composite index rose 181.59 to close at 3,582.50 and the Dow Jones industrial average gained 129.87 to close at 10,652.20.

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Markets Benefit From Latest Reports

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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