US stocks moved to higher ground yesterday, as General Electric pushed the Dow up for the first time in a week.
or by 1.5% at 8,823.30. The Dow had closed lower for the previous five sessions amid growing worries about fourth-quarter corporate earnings and the growing realisation that President Bill Clinton will be impeached by the House tomorrow. Monday marked the Dow's first close below 8,700 since October 30th.
Also leading stocks higher was a report from the Labor Department reaffirming that inflation is being held in check. The Consumer Price Index edged up just 0.2% in November, matching the October increase.
General Electric rose 6 3/16 to 93 after the company told analysts on Monday night that it felt comfortable with earnings estimates for 1999.
The Standard and Poor's 500 rose 21.59 to 1162.79, and the technology-heavy Nasdaq composite index rose 45.41 to 2012.33