About UPI  |  UPI en Español   |   My Account
Free News Update:
United Press International - News. Analysis. Insight.™ - 100 Years of Journalistic Excellence
  • Home
  • Top News
  • Entertainment
  • Odd News
  • Sports
    • 2008 Olympics
  • Business
  • Science
  • Health
  • Analysis
    • Energy Resources
    • Security Industry
    • Emerging Threats
  • Video
  • News Photos
Search:
Go
Advertise on UPI
You are here:  Home / Business News / Wall Street extends Santa Claus rally

Business News

View archive | RSS Feed

Wall Street extends Santa Claus rally

Published: Dec. 29, 2003 at 5:07 PM
Order reprints  |  Print Story  |  Email to a Friend  |  Post a Comment
Close
NEW YORK, Dec. 29 (UPI) -- With little economic or corporate news and despite concerns over the so-called mad-cow disease, year-end bullishness ended Wall Street higher Monday.

The Dow Jones industrial average up 125.33, or 1.21 percent, at 10,450.00. The tech-heavy Nasdaq composite index ended up 33.34, or 0.28 percent, at 2,006.48, and the Standard and Poor's 500 index ended up 13.59, or 1.24 percent, at 1,109.48. Volume on the Big Board was 1.06 billion shares.

The Conference Board's help-wanted advertising index, a barometer of the U.S. employment situation, rose to 39 last month from 37 in October. A year earlier, the index stood at 4o, the Wall Street Journal reported.

The February live-cattle contract fell by the new market limit of five cents a pound to 81.17 cents over concern of mad-cow disease. Some food stocks as as Hormel and Smithfield foods ended lower, but restaurant stocks rebounded as major hamburger chains said that the mad-cow concern hadn't hurt weekend sales.

The 10-year Treasury note lost half a point, or about $5.00 for each $1,000 invested. The yield, which moves inversely to the price, rose to 4.21 percent.

The euro traded at $1.2491 Monday, above $1.2434 from Friday afternoon in New York. The dollar was trading at 106.91 compared to the yen, down from 107.20 on Friday.

In Europe, London's FTSE-100 share index was up 8, or 0.2 percent, at 4,452.70, and Japan's Nikkei 225 stock average climbed 83.21, or 0.8 percent, at 10,500.62.



© 2003 United Press International, Inc. All Rights Reserved.
News Photos Slideshows
Photos of the Day
Week in Photos
News
Entertainment
Sports
Features
Most Popular
Stories
Photos
Videos
1.
Crude oil prices fall again Friday
2.
Second stimulus check plan considered
3.
Ford to move European models to U.S.
4.
Oil prices rebound slightly Thursday
5.
IRS mails batch of stimulus checks
Advertise on UPI.com
2008 Olympics
Videos
Enlarge Video
Get the Flash Player to see this player.
Obama overseas
Thursday, July 24
Government bailout: will it work?
Government bailout: will it work?
Wednesday, July 23
U.S. troops: Pull out or keep fighting?
U.S. troops: Pull out or keep fighting?
Tuesday, July 22
Home funerals: Tending to their own
Home funerals: Tending to their own
Thursday, July 3
© 2008 United Press International, Inc. All Rights Reserved. Official_Government_Wires  |   About UPI  |   Site Map  |   Terms of Use  |   Privacy Policy  |   Advertise Online  |   Contact Us

Sponsored Links: College Football Tickets - Press Release Services - prom dresses - Prom dresses and gowns - Wedding and Honeymoon Experts - Auto Dealers - Conventions - Trade Shows - Conferences - Motivational Sports Speakers Bureau - Real Estate Properties in the world