Stocks Open Higher; Dow Up 30
Dec. 17, 1997
NEW YORK (AP) _ Stocks opened higher Wednesday, extending gains made by investors eager for end-of-the year purchases.
At 10 a.m. on Wall Street, the Dow Jones industrial average was up 30.58 points to 8,006.89.
Advancers issues outnumbered decliners by a 13-to-7 margin on the New York Stock Exchange, where volume came to 74.48 million shares.
Broad-market indexes were generally higher. The Standard & Poor's 500 list was up 5.54 points to 973.58.
The NYSE composite index rose 2.69 points to 509.44. The Nasdaq composite index was up 13.47 points to 1,566.47. The American Stock Exchange composite index rose 2.76 points to 671.64.
On Tuesday, stocks also regained ground lost last week. The Dow Jones industrial average, at one point up 97 points, ended Tuesday with a gain of 53.72 at 7,976.31.
Overseas, Tokyo's Nikkei stock average rose 3.5 percent. Frankfurt's DAX index rose 1.8 percent and London's FT-SE 100 was unchanged.