Stocks Close Higher after Turbulent Session

THE JOURNAL RECORD, January 26, 2000 | Go to article overview

Stocks Close Higher after Turbulent Session


NEW YORK (AP) -- Stocks ended a volatile session mostly higher Tuesday as investors rewarded companies that released strong earnings reports for the final quarter of 1999. Market averages fluctuated as the threat of rising interest rates convinced many investors that corporate profits may be pinched later this year.

The Dow Jones Industrial Average rose 21.72 to close at 11,029.89. The blue-chip index dropped as much as 124.72 points earlier in the session and appeared headed for its sixth consecutive decline before turning higher.

Broader stock indicators also bounced back from major losses to finish higher. The Standard & Poor's 500 rose 8.50 to 1,410.03, and the Nasdaq Composite index gained 71.33 to 4,167.41.

Investors struggled to chart a course Tuesday as the latest reports of robust corporate profits were nearly overshadowed by growing worries that rising interest rates will make it difficult for companies to repeat their solid performances.

Higher interest rates can cut into corporate profits as it becomes more expensive to borrow money.

Next week, the Federal Reserve is expected to raise interest rates a quarter-percentage point in its latest move to slow the economy's growth and head off inflation. A growing number of economists fear that an increase next week will be only the first of several this year.

`'The market is volatile because investors have a lot of questions," said Alan Skrainka, chief market strategist at Edward Jones in St. Louis. "They're wondering how aggressively the Fed will raise rates and whether the high valuation of stocks is justified, especially if rates are going higher."

Many high-priced technology stocks tumbled Tuesday. Those companies are viewed as especially vulnerable to rising interest rates because they attract investors by promising strong earnings growth in the future. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Stocks Close Higher after Turbulent Session
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

    Already a member? Log in now.