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Stocks Start 2001 Lower As Markets Drift Down
New York stocks opened 2001 on a down note with the Dow at 10,742.83, the Nasdaq at 2,401.43, and the S&P 500 at 1,308.53 as investors awaited clearer profits and potential Fed rate cuts. Tyson Foods offered $3.2 billion to buy IBP, boosting IBP shares while Tyson declined, amid broader tech and consumer stock moves.
MENTIONED IN THIS ARTICLE
New York
Fed
Art Hogan
Jefferies & Co
Standard & Poor
Standard & Poor's 500 Index Fell 10.72 To 1,308.53. Tyson Foods
IBP
Smithfield Foods
Tyson
Procter & Gamble
Boeing
Microsoft
Ciena
Federal Reserve
Wall Street
New York Stock Exchange
Japan
Germany
Britain
France