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Thursday, November 26, 1998 Published at 15:56 GMT Business: The Markets Wall Street market report ![]()
Markets are closed on Thursday for the Thanksgiving holiday. Shares closed little changed on Wednesday after the record-breaking session on Monday, investors seem to want to take a breather ahead of the holiday. The Dow Jones industrial average ended the day up 13.13 points at 9314.28 The tech-laden Nasdaq, buoyed by hot Internet stocks, was a stronger performer, up 19.31 to 1985.19. And the broad-based Standard & Poor's 500 stock index, also turned positive, up 3.61 to 1,186.87. Advances outnumbered declines by a small margin, with 1540 stocks higher compared to 1431 that finished lower.
On-line retailers like Onsale and Books-a-million had a particularly strong day, while America Online was again one of the most actively traded stocks. Oil and gas stocks showed some strength on rumours of further consolidation in the industry. Financials were also strong as takeover rumours continued after the merger of Deutsche Bank and Bankers Trust was announced on Monday. But pharmaceuticals were weaker after Pfizer said more warnings about the side effects from taking Viagra would be have to be included on the labels. |
The Markets Contents
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