Stocks rise for third straight session
Stocks rose for a third straight session as investors cheered fewer December job cuts and expected an economic turnaround. The Dow gained 87.60 to 10,259.74 and the Nasdaq and S&P climbed, with tech leading and the week up for all three indices. Alfred Goldman of A.G. Edwards noted investors looked beyond September 11 toward brighter prospects.
MENTIONED IN THIS ARTICLE
New York
Wall Street
S&p
Alfred E. Goldman
A.G. Edwards & Sons
Institute of Supply Management
Bryan Piskorowski
Prudential Securities
New York Stock Exchange
Japan
Europe
Germany
Britain
France
Unemployment climbs to 5.8 percent in December
The December unemployment rate rose to 5.8 percent, the highest in over six years, as 124,000 jobs were cut. Since March, 1.4 million jobs have been lost, with manufacturing, retail, air transport and temporary services hardest hit. Stocks rallied on signs of potential recovery.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Halliburton stock sinks to 15 year low on asbestos worries
Halliburton shares drop to 10.03 on the NYSE amid uncertainty about asbestos claims. Company rejects bankruptcy rumors and reports of a new large verdict as analysts note the unquantifiable liability while stressing strong business fundamentals and ongoing litigation strategy.
MENTIONED IN THIS ARTICLE
Halliburton
Dallas
New York Stock Exchange
Poe Fratt
A.G. Edwards & Sons Inc
Wicklund
Banc of America Securities
Cedric Burgher
Enron to surrender pipeline to Dynegy in dispute
Enron agrees to let Dynegy take control of the Northern Natural Gas pipeline to settle a Texas lawsuit as both Houston companies see stock gains. Enron says it will continue its New York bankruptcy case and a separate claim that Dynegy illegally withdrew an $8.4 billion buyout plan. Analysts expect the move to bolster Dynegy’s standing and confidence in Enron’s reorganization.
MENTIONED IN THIS ARTICLE
New York
Palmer
Dynegy
David Burns
Northern Natural Gas
Burns
Energy futures rally on NYMEX as oil prices surge
New York energy futures rose on Friday with front-month February crude up 1.25 to 21.62 a barrel while February heating oil and gasoline climbed. Analysts cited short covering and supportive DOE data showing a 2.2 million barrel drop in crude stocks and modest distillate builds as reasons for the rally, despite OPEC output cuts and a bearish backdrop. Brent traded at 22.18 per barrel in London.
MENTIONED IN THIS ARTICLE
NEW York
New York Mercantile Exchange
Mike Fitzpatrick
Flrst Futures Inc
Department of Energy
DOE
American Petroleum Institute
API
BOE
OPEC
Fitzpatrick
Brent
North Sea
London
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Bill Cheney
John Hancock Financial Services
Petitor Advanced Micro Devices
DaimlerChrysler
Merck
Procter & Gamble
Lyondoll NY
Baird
McDnirdsay
Atstate NY
Ashland
MMM
Motorola NY
Ciu
Comptech
Virulp
Beligauh WY
Kmantf
Carape
A NodPet Ny
Callie
ImpuSe
Peovell
Oracle Nash
LoralSp Wiz
Alteon
Entro
Bunt NY
Penney NY
Olsen Nash
PerolSys
Fdagica
Cocabl NY Ra
Pfizer NY
Pharmacia NY
Ndragan
Qualcom
Sherwell
NetScrvo
Dial NY
AeliantEn NY
Con
Ism
FloyiDut NY
ChtCon
Dowehn NY
Duke Egg
Schimb NY
Encampss
MedAdvs
Andior
Emgcp NY
ACLN
SportsCity
OnSmead
fEnon NY
SouthaCas
Ford
Ea Uch GerElec
SunMicra
Hormel Ny
Une NY
Lucent
Biotacht
Oracle
Honwdat AY
ANS DallGpir
Inlet Nasta
BEA Sys
Usstee NY
IMA Diam
Peregme
Ventas Wald
Nokiat
Eurotech
SiebelSys
Vohains NY
AE Verizon NY
ISP Inds
CienaCp
Wit Kmart
WalMart NY
Kroger NY
Walgn
Cora
Daw Utilities
NYSE
Ino P
Amercan
Whapty
Bat
Invest
Contra
Fidetty
Vest
Janus
Onymiaus
LGG
Twen F
Janes
Nova Sc
Mit Ohanng
Lipper
K. Ini
The
Baytown Sun
Edward Jones
Investment Professionals, Inc
Nals, Inc
Ort
Stephen V
Takach
Alexander
Baytown
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