graphic
Markets & Stocks
Wall St. gets double lift
December 5, 2000: 11:07 a.m. ET

Greenspan comments, Fla. election ruling spur surges in Nasdaq, Dow
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - U.S. stock markets took heart Tuesday morning from two events -- comments by Federal Reserve Chairman Alan Greenspan and a judicial ruling that could signal an end to the presidential stalemate -- and sent both the Nasdaq composite index and Dow Jones industrial average sharply higher.

Just after 11:20 a.m. ET, the Nasdaq gained 196.63, or more than 7 percent, to 2,812.38. The Dow rose 317, or about 3 percent, to 10,877.10. The S&P 500 advanced 41.22, or about 3 percent, to 1,366.19.

Greenspan's remarks, in a speech to a banking group in New York, signaled his awareness of a slowing in the economy. Investors interpreted that as a sign that the Fed could loosen its interest rate policy in the next few months.

But the Fed chairman's comments merely added to a buoyant atmosphere resulting from a ruling by a Florida judge that benefited Texas Gov. George W. Bush's effort to win the state's 25 electoral votes -- and with them, the presidency. Back to top





graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council