Investors were positioning themselves in shares that had fallen too much. |
The 1999 figures came in at the higher end of expectations. The impact of the devaluation had not been as traumatic as had been feared. This is a clear sign of the economy's steady recovery. |
The Nasdaq weighed heavily on the index at the end of the day. It took away from gains made by shifts in portfolios at the beginning of the day. |
We were following the Nasdaq. |