Stocks slip as downgrades weigh on market in light session
Investors sold stocks for a second straight day amid light volume and few news catalysts. Dow fell 31.23 to 9317.64 as Caterpillar and Alcoa led declines after downgrades. Nasdaq slipped 1.01 to 1764.31 while S&P 500 added 0.65 to 993.71. Analysts note small weekly gains and a summer slowdown, with traders awaiting clearer signals.
MENTIONED IN THIS ARTICLE
Dow Jones
Sears
Dow Industrials
Dow Transportation
Dow Utilities
Nyse Composite
S&p
Russell
Wilshire
Titan
CortexPh
VascSol
Gotcik
WelGrd
ClvCif
Dbiegi MissaRes
Lancer ImpleSent
Bennetty
Forwar
Coeur
Merrimac
QAD Inc
Magnik
Immtchn
OpenwvSys
CorusGr
FalmthBc
ArtWay
TorchEn
Octel ChinaPet
IMCO
AquaCe! Integes
Versar
Spire
Bushind
ParkOh
JilinCh
CapRock
Stetinity
SP Fnel
Oracle
Citiarp Spratpcs
Djia Diam
AMD
ApidMat
Texinst
iShJapan BemaGold
JDS Uniph
SunMicro
Motorola
iShRs2000
BredeCm
Schergp
iShCanada
Siriuss
At&t Rs
ATT Weis
AbtLab
Agere
Agereb
Alcoa Altria
Americdt
AnalogDev
Avaya Bmc
BankOne
Bk of Am
Baxter
BellSouth
BestBuy
Biovail
Boeing
BrMySq
Cadence
Calpine
CapOne CardalHit
Corning
CoxCom
CypSom
Dean Folss
Deere
Disney
DukeEgg
Dynegy Etrade
EMC Cp
ElPaso Cp
EDS
ExxonMb
FanniMae
Fedrds
FirstEngy
FleetBost
Fordm
ForestLbs
FredMac
Gap
Gateway
GenElec
GnMotr
Gillette
Goldmans
GtPlainEn
Guidant
HCA Inc
Hallibin
Hewlettp
IBM
Interpublic Jpmorgcht
JohnJn
Kraft
KrspKrm
Aramark NY
Intel Nash
LowesCos
Bb&t Cp NY
IBM NY
Lucent
Ene NY
JohnJn NY
MBNA
Kroger NY
LowesCos NY
Mattel
downTex NY
Marathon
CitzComm NY
Microsofts Nasd
MedcoHli N
Cocac NY
Mylans NY
Come Sp Nasd
NuBaksh Nasd
DukeEgg NY
RexStrs NY
MorgStan
eBayinc Na
Emrsn € l NY
Int
NtSemi
ExxonMbl NY
UPS
NetwkAse
Fordm NY
Ussteel NY
NewellRule
GenElec NY
VerizonCm NY
Newmtm
GnMett NY
WalMart NY
NokiaCp
Fimeeucae Nortel Nw
Biel
4Urmeinuie Offept
Penney Prime
Australia
PepsiBott
Britain
PepsiCo
Canada
Pfizer
Treasuries Euro
Proctg
Japan
QwestCm
Mexico
Switzerind
RockwiAut
U.S
Safeway
Sara Lee
Scherg P
K Pet Min Init Schimb
NL Schwab
Far Invest
M LC One
American Funds A
Icaa PLC
Wsha P LV
PIMCO
Gwtha P
Fidelity Invest
Contra
Groin le
American Funds
Incoa P MP
TainSemi
Vanguard InstFacts
Instidx SP
Pera P GL
Eupaca P IL
Vanguard
Amer Century
Ultra
Eq Inc el
TollBros
Fi Invest
LowPr
UtdMicro
GroCo
el -Equity Inc
Global
IB -Intermol
IL International
Utdhithg S
Viacom
Lipper, Inc
Wachovia
WalMart
le WollsFrgo
WmsCos
Ed Wyeth
Voes Xerox Ct
NEW York
Peter Dunny
Wall Street Access
Dow
Alcoa
Standard & Poor
Wall Street
Matt Brown
Wilmington Trust
Caterpillar
Legg Mason
Prudential Securities
Fears of high mortgage rates push July home sales to record
Rising mortgage rates spurred buyers into the housing market with July existing home sales at 6.12 million, the highest on record. The National Association of Realtors noted a 5 percent surge from June, while the national median existing home price rose to 182100 dollars, up 4 percent from June and 12 percent from a year ago. Regional gains were reported across the Northeast, South, Midwest and West.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
David Lereah
Freddie Mac
Lereah
South
Midwest
West
Verizon unions near agreement for East Coast workers
Verizon Communications and its unions near a deal as 78,000 East Coast operators and technicians start a fourth week without contracts. Spokesmen from IBEW and CWA express optimism while both sides press final details. Public relations tensions had flared over a union conference call when a cease-fire was reportedly breached.
MENTIONED IN THIS ARTICLE
Washington
Verizon Communications
Jim Spellane
International Brotherhood of Electrical Workers
Verizon
Communications Workers of America
Spellane
CWA
Chicago
Eric Rabe
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St. Luke’s
Mercer Mall
Center Court
Radio Shack
American Eagle
Phillip Rust
CLU
CHFC
LUTCF
Sam Ross
CFP
Secure Money
Rust
Ross
St. Luke’s Senior Friends
Luke’s Hospital
Prienld