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For a second consecutive session, blue-chip stocks moved higher.
The Dow, meanwhile, fell for the second consecutive session, shedding 71.36 points, to 11,489.36.
Hewlett-Packard and Compaq Computer fell for a second consecutive session as investors again expressed their doubts about the merger between the companies.
Stocks advanced for the second consecutive session Wednesday as another decline in oil prices and several upbeat profit reports eased Wall Street's concerns about the economy.
Shares were sharply lower yesterday for a second consecutive session as worries about second-quarter earnings reports overshadowed President Bush's proposal to increase the penalties for corporate fraud.
Stocks rallied powerfully yesterday for the second consecutive session amid signs that the economy is recovering more quickly and strongly than investors had expected.
Similar(32)
Lehman Brothers fell for the fourth consecutive session.
Interest rates were lower for a third consecutive session.
Bond prices fell for the third consecutive session.
[C9.] Stocks Advance for a Third Day Stocks rose for a third consecutive session.
The S.& P. was up for its seventh consecutive session and the Nasdaq for its sixth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com