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THE REAL MOST ACTIVE NYSE Stocks Stage Low-Volume Rally.(MAKING MONEY)
Byline: JULIE HUYNH & JONAH KERI
NYSE stocks followed up on Friday's rally Monday, gaining ground on light volume. The Dow climbed 2.3%, the S&P 500 2.9%.
Wendy's International vaulted 1.96 to notch a new high of 40.85 on nearly triple average trading. It's been in a strong uptrend this year.
The No. 3 hamburger chain said its same-store sales rose a preliminary 7.1% in May. It attributed the gain in May sales to new menu items such as Garden Sensations salads. Its purchase of Fresh Enterprise, operator of Baja Fresh Mexican Grill restaurants, also likely will help boost sales this year. Wendy's earnings and sales have grown from single digits to …
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- THE REAL MOST ACTIVE Post-Holiday Rally Hoists Dow Up 324.(MAKING MONEY)
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Magazine article from: Investor's Business Daily
July 8, 2002
700+ words
