Dow Has A Tasty Day

Tue., June 27, 2000

From Staff

Snacks sent the Dow industrials to its highest level in more than three weeks.

Philip Morris, a Dow component and owner of Kraft Foods, led the average higher Monday as investors applauded the company’s plan to acquire Nabisco Holdings Corp., which makes Ritz crackers, Oreo cookies and Life Savers candy.

The Dow Jones industrial average rose 138.24 to close at 10,542.99, its largest point gain since June 2.

Philip Morris rose $3.50 to $27.13 in the first trading session since the Sunday announcement of its proposed purchase of Nabisco for $14.9 billion.

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Dow Has A Tasty Day

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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