Exact(57)
Don't look for "greed" in the indexes of most economic textbooks.
It took note of a hopeful sign: the rate of decline in the indexes was slowing.
The strength in the indexes indicates that investors are again using market declines as buying opportunities.
Moreover, the recent plunges in the indexes have been concentrated almost entirely in technology shares.
That often leads them to enact policies that promote favorable movements in the indexes by which they are judged.
Beyond the gains in the indexes themselves, the breadth of the rallies in each of the three major market gauges is heartening for many analysts and investors.
Despite the gains in the indexes, most stocks closed lower; 19 stocks fell for every 12 that gained on the New York Stock Exchange.
The cutbacks also went as expected with Nippon Telegraph and Telephone, Toyota, France Télécom and Deutsche Telekom all being reduced in relative weight in the indexes.
Similar(3)
Russia and Brazil ranked higher up in the index.
It wasn't in the index.
Phone companies in the index climbed 0.9percentt.
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