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Baytown Sun in Baytown, Texas

20 Feb 2004

Page 5

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Feb 20, 2004

Page

5

Technology stocks dampen late-day market selloff

A broad market decline followed a late technology-led selloff ahead of Hewlett Packard earnings. The Dow slipped 7.26 to 10,664.73 while the Nasdaq fell 30.51 to 2045.96 and the S&P 500 dropped 4.76 to 1147.06. HP earned 35 cents, Wal-Mart rose on solid results, and Nextel posted strong Q4 figures, signaling cautious optimism despite the pullback.

MENTIONED IN THIS ARTICLE

New York Hewlett- Packard Co Wall Street Standard & Poor Kevin Caron Ryan, Beck & Co Hewlett-Packard Wall Steel Piper Jaffray Wal-Mart Jesse Roger Apia Be Ashland Ubrizal R Lucent King Congelm Dani Obs BellSouth EyErOnt Merck PmoPhnin AraerGorn SaBene Nest Penney Cito Pepsivony Sobieski Pensys & As EitePn Camtek ConAgra MisuSwt Reliantis NY TelLeste RooyiDut Sbc. Com Disney Or I DuPont Sears Microsoft Intel Ford Cession Cisco GenBlac Amcos NY Ia eiPasoCp DJIA ADC Motorola iShJapan EagieBbnd Hallbin Iba BemaGold Nextel Ut Hewlet Ussteal GenGles Siiuss Veritas Naat Vestants NY Intel AB Es Hh Wallan Saitek U.S Pricy Maria Wits Moe Sock Dow Industrials Dow Transportation Dow S&p Wilshire Ametean Funds Ametcan Pumas Jamerican Funds Wsha P. lv Edaily Fideity Invest Nova Tc Rydex Mihimema
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Jobless claims fall sharply signaling easing layoffs

The Labor Department reports for the week ending Feb 14 new unemployment benefit claims dropped 24,000 to 344,000, the largest fall since November and the lowest since Jan 24. Unemployment benefits in force rose 106,000 to 3.2 million for the week ending Feb 7, indicating ongoing hiring softness. President Bush questioned earlier 2.6 million jobs claim.

MENTIONED IN THIS ARTICLE

Caron Washington Labor Department Bush White House
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Monument Award Donor Supports Lee College SBDC Banquet

Bayer Corp public relations manager Cherie Laughlin donates as Gold sponsor for the Lee College Small Business Development Center Monument Awards Banquet on March 4 at Goose Creek Country Club. Evonne Donnelly accepts the check as a SBDC Advisory Board member. event honors local small businesses in the Lee College service area including Baytown Highlands Crosby Dayton Liberty Anahuac Winnie and nearby areas. Tickets on sale. call 281-425-6309.

MENTIONED IN THIS ARTICLE

Cherie Laughlin Bayer Corp West Bay Road Baytown Lee College Goose Creek Country Club Evonne Donnelly SBDC Highlands Crosby Dayton Liberty Anahuac Hankomer Winnie
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Mortgage rates dip to seven month lows across the U S

Freddie Mac reports 30 year rates at 5.58 percent, 15 year at 4.87 percent, and 1 year adjustable at 3.53 percent for the week. Chief economist Frank Nothart says rates boost housing affordability, with prior year scales cited and points averaging 0.6. Mortgage applications rose 4.9 percent as rates fell.

MENTIONED IN THIS ARTICLE

Washington Freddie Mac Frank Nothart Mortgage Bankers Association
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Crude settles at 36 a barrel as trading halts loom

Crude oil futures finished up 4.6 percent at 36 per barrel after weekly U.S. stock data, while a software glitch forced Nymex to halt early, prompting traders to square positions. Analysts split on whether March or February contracts will end higher in coming sessions.

MENTIONED IN THIS ARTICLE

New York U.S New York Mercantile Exchange Nymex Tom Bentz BNP Paribas Bentz Mike Fitzpatrick Fimat USA Inc London International Petroleum Exchange
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Also Mentioned on This Page

Broadcom Corp Applied Materials Broadcom Nextel Communications Jeannine Aversa the Assocated Press The Associated Press Dally Sonpan Tag Margene WaCop Ein Botan Cap Val Tote Renn Bec I Shope Emsienog Teet Lipper, Inc Organization of Petroleum Exporting Countries Rede Texas Capital Baker Road Txem Jennifer Marcontell Rollingbrook Ste Edward Jones Stephen V. Takach Alexander Edward Jjones Neta Pro SIPC Community Resource Vow Crcm. Org Guytram Texas Kingegod Drive the Sun Baytown Sun Sun
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