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Earnings Report Prompt Strong Stock Market Rally.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

Publication Date: 26-APR-00
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COPYRIGHT 2000 The Miami Herald

Byline: Gregg Fields

Apr. 26--Propelled upward by a sea of buoyant earnings reports, Wall Street staged a powerful rally Tuesday, with the Nasdaq Composite Index scoring the second-largest point gain in its history.

The Nasdaq, which is heavily weighted toward the fast-growing technology sector, rocketed upward by 228.75 points, or 6.5 percent, to close at 3,711.23.

The Dow Jones Industrial Average, which is more skewed toward old-line service and manufacturing firms, also mounted a broad advance, gaining 218.72 points to close at 11,124.82, up 2 percent.

And the Standard & Poor's 500 posted its third-largest advance ever, rising 47.28 to 1477.14.

At first blush, the...

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