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Welcome to PakSearch.com Pakistan's Premier Business Information
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For business information, annual reports, laws, ordinances, regulations and articles.




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960423

Equities firm

NEW YORK: Oil stocks and some high tech companies supplied Wall Street with most of its strength as the Dow Industrials continued to struggle against the undertow of a weak bond market.

"The oils account for the whole upside move in the Dow," said Thom Brown, managing director at Rutherford Brown & Catherwood.

The Dow Industrials were up four at 5570 while gainers led losers by 11 to 10. U.S. Treasuries were soft, with the long bond down 14/32 to yield 6.79 percent.

Certain Internet stocks rallied, pushing both the Nasdaq Composite Index and raising the American Stock Exchange's Internet Index more than two percent higher.

Digital Eqeuipment Corp rose 5-1/8 to 60-5/8 after it reported third quarter earnings of $0.74 per share, in line with the First Call estimate and up from $0.44 a year ago.-Reuter

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