The S.& P. technology index was the best performing of the S.& P. 500's 10 major sectors, gaining 0.8 percent.
"The manufacturing sector gained momentum in January," said Norbert J. Ore, chairman for the institute's manufacturing business survey committee.
The Nasdaq composite index, a benchmark for the technology sector, gained 171.55 points, or 5.8percentto to 3,138.27.
After sputtering for years, the government's program to return most of these businesses to the private sector gained momentum after Mr. Shourie took over the ministry.
Prices have fallen by about a quarter from the time Ms. Carroll took over, even as the overall mining sector gained.
"The job picture in New York City has been exceptionally strong in recent years," said John Weiting, the regional commissioner of the federal Bureau of Labor Statistics, "and in 1999 employment in the city's private sector gained more momentum".
The professors' data show that the sector gained 17.1percentt, on average, in the first three months following the 13 market bottoms since 1969, equivalent to an annualized rate of 88percentt.
Insurance companies reasoned along the same lines.As a result of this process, the corporate sector gained a stable shareholder base, one that could usually be relied on to support fund-raisings and acquisitions.
The financial sector gained for much of the day amid reports that the Senate banking committee was considering giving the Federal Reserve responsibility for protecting consumers from deceptive financial practices, rather than create a stand-alone consumer protection bureau.
Stocks across the fertilizer sector gained strength during Thursday's afternoon trading session.
