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Baytown Sun in Baytown, Texas

25 Apr 2003

Page 12

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Apr 25, 2003

Page

12

Profit taking sends stocks lower in thin trading

Wall Street retreated as investors booked profits after a rally amid worries over overvaluation and the economy. The Dow fell 75.62 to 8440.04, Nasdaq slipped 8.93 to 1457.23, and the S&P 500 lost 7.59 to 911.43, with unemployment claims rising to 455,000 and durable goods rising 2 percent in March. Analysts caution for a brief weakness before a possible renewed rise as first quarter earnings largely beat expectations.

MENTIONED IN THIS ARTICLE

New York Wall Street Standard & Poor Richard Dickson Lowry Palm Beach Fla Labor Department Commerce Department Kroger Lantys Luchriaat Merck NY Be of Ass SBS Microsofts MorgStan Wood Motorola Aid Seeing Dun SF Calbina Norte Camp Sp NY Ag Cec'Pet sentarPn Oracle Akamait Roy Riba Dial NY SchercPl NY Sotdace Disney NY EU ASS Schints NY Va SncWall Ata DowChm NY AR V ELXSI DuPont NY Ulad DukzEgy Sotutia Southnco ErPron SwstAit Eloo Amnex Exxon Cisco TRU Cop Sunkers GenEtes HOS Tropaut SBR Nexlel Gillette Ana Tyconil Gondniet Utley KY Veritas UPSB Ubsteewy ChrixSy Ale Howwilhs NY WalMart U.S TevErsa Unis Prinanty Manent Barkruptcy Salas
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Durable goods orders rise 2 percent in March report

The Commerce Department shows durable goods orders up 2 percent in March driven by military equipment demand, bouncing from February's 1.5 percent drop. Non-defense capital goods rose 1.8 percent after a 5 percent February decline, while unemployment claims data signaled mixed economic pain.

MENTIONED IN THIS ARTICLE

Iraq Lynn Reaser al Banc Washington Commerce Department U.S Federal Reserve Alan Greenspan Central Bank
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OPEC raises production ceiling amid oil price wobble

Oil futures in New York and London wobbled after OPEC boosted its official quota by 4 percent to 25.4 million barrels daily starting June 1. Analysts noted the move could be aimed at preserving market share ahead of Iraq’s resumed exports, with prices recovering as traders covered shorts.

MENTIONED IN THIS ARTICLE

New York London OPEC Vienna OPEQ Bill O'Grady A.G. Edwards St. Louis New York Mercantile Exchange International Petroleum Exchange John Kilduff Fimat USA Inc U.S Fadel Ghett Fahenstock & Co GPEC Iraq O'Grady
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