1. An early rally was fueled by progress made by President Clinton and Congress toward an agreement to balance the federal budget. 2. Authorities were concerned that the millions of individual investors who had fueled that rally would be burned if stocks collapsed. 3. Bonds were little changed to slightly lower, and unlikely to provide the boost to stocks that fueled rallies in recent days. 4. Economist Javier Fernandez Riva said the market is anticipating improved growth, an expectation that fueled the rally that ended three days ago. 5. Enthusiasm about the new operating system, which was promoted relentlessly by Microsoft, helped to fuel a rally in tech stocks this year. 6. Expectations for reduced Treasury borrowing have already helped fuel a rally in Treasuries, which has driven yields down more than three-quarters of a percentage point since mid-April. 7. Gains in oil drilling, tobacco, metals and entertainment companies fueled the rally. 8. Foreign investors have fueled a rally in high-tech stocks in recent weeks as the dollar strengthened against the yen. 9. Fueling the rally was a semiconductor industry report, released late Wednesday, that showed orders for computer chips were stronger than expected. 10. Gov. Susan Phillips, helped fuel the rally. |