Stocks Slip After Rally as Investors Take Profits
Stocks mostly declined as investors booked gains from Wall Street's recent rally while awaiting clearer signs of genuine economic improvement. The Dow dipped 36.75 to 9554.37, the Nasdaq rose 2.45 to 1837.53, and the S&P 500 fell 3.06 as markets paused after a week of strong gains.
MENTIONED IN THIS ARTICLE
Rally
New York
Wall Street
Federal Reserve
Richard A. Dickson
Hilliard Lyons
Louisville
Dickson
Dow
Qualcomm
Hogan
JP Morgan Chase
Lilly
FrankCov
Americul
Metro Pt Fit
VisualNet
Aquilan
GenStar
CamCmn
NordicAm
Amonsa
Etrade
Westains
Kinnevikb
Alphaema
Silco
Medial
AmTower A
IRIS
Orbital Sel
SunLink
Quratek OptciCm
Alston
WetCap
BE Sba Com
Coleik
AgraGen
SLU Inc
Aon Corp Turk
Cisco
Compaq
SFOR
SunMicro
vaxCpsagers
Srtel
Lurene
Quaker
EMC C
Buia Diam
Grace
Wing
Nabars
CienaCp
Howlellp
SP En
Techs
Jamtower
Titanp
Norteinn
Biotecht
Nextelc
NokiaCp
Hama
Dow Industrials
Dow Transportation
NYSE
S&f
Russel
Wilshire
Incoa P
Wsha
Fiderty Invest
Magetn le
Janus
Olympus
AB SE
Rydex
Nova
Rydas
Hay
Ace Tallsc
Heracles Dew
Productivity Climb Signals Earnings Outlook Amid Slower Output
The third quarter saw productivity rise at a 2.7 percent annual rate as firms cut hours by 3.6 percent, the largest hours drop since 1991, while output fell 1 percent. The report notes rising productivity helps wage gains and moderates unit labor costs, with analysts optimistic about a potential recovery next year. Major movers included Cisco Systems, Qualcomm, 3M, JP Morgan Chase and Lilly, as markets waver over longer-term demand and inflation.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Arthur Hogan
Jefferies & Co
Cisco Systems
Qualcomm
Bay Area
Orange County
Sacramento
Central Coast
Meyers Group
Irvine
Los Angeles County
Inland Empire
Appeals court reduces Exxon Valdez punitive damages
A federal appeals court ruled the 5 billion dollar punitive damages in the Exxon Valdez spill case excessive and sent the matter back to a judge to determine a lesser amount. The ruling upheld some punitive penalties for recklessness but criticized the largest award in history.
MENTIONED IN THIS ARTICLE
Exxon Valdez
San Francisco
Anchorage
Alaska
Exxon
Prince William Sound
Exxon Mobil Corp
9Th U.S. Circuit Court of Appeals
Valdez
Joseph Hazelwood
Hazelwood
Oil futures rise modestly on NYMEX amid demand hopes
New York crude and petroleum futures edged higher as traders shifted from bearish weekly builds to stronger oil demand. Technicals cited a necessary correction after a recent sell-off with floor traders noting short covering. December crude closed up 17 cents at 20.09 a barrel and heating oil rose 5 cents to 57.18 cents per gallon.
MENTIONED IN THIS ARTICLE
New York
Daw Jones News
New York Mercantile Exchange
Oil and gas demand up as API and DOE show bearish oil builds
Gasoline rose 0.71 to 54.63 a gallon while December natural gas futures slipped to 2.87 per 1000 cubic feet. DOE says demand for key products strengthened last week despite bearish crude and heating oil builds. Four week averages for gasoline jet fuel and distillates rise, narrowing gaps versus a year ago. API reports crude stocks up to 311.9 million barrels, distillate stocks rising 1.5 million, gasoline stocks down 734,000.
MENTIONED IN THIS ARTICLE
American Petroleum Institute
Department of Energy
DOE
Energy Department
API
U.S
Lion
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Wal-Mart
Gap
Hewlett-Packard
William Hewl
Japan
Germany
France
Britain
California
Unem
Esmael Adibi
Chapman University
Méyers
San José Area
Ventura County
Merck
Matoroki
BesiSouth
Oracle
PepsiCo NY
Nash
PerotSys
Citar
Ab ‘Dehakgys
AIAG
Sears NY
Enron
ANZ
Eth
Exxons Ny
SorhCos
Swotius
Gilet
Gondrich
Usxuss
Kmart
WaiMat NY
Tds
NY i Landis NY
WelkFrgo
Pas Lucent
WorldCom
Nasd
Oly Aaron i
Fim
Floes
Bacieneaty Comers Trust
Jwie
Dow Jones Industrials
Edward Jones
Jennifer Marcontell
Decker Baytown
Edwardson Lening
Warwiedwardjanes.com
Stephen Takach
Alexander Dr. Roe Ae
Seesifc
Ney
Investment Professional, Inc
Parbadar
Carl Thayne Wittens
Sshonals, Inc
Stephen
Takach
Nexander Or
Baytown
Uacaes Chan Re