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Stocks Hit Record Highs On Fed Rate Outlook
U S stocks rose to new records for a second straight session as traders priced in a potential Federal Reserve rate cut at the Dec. 19 meeting. Dow gained 37.94 to 5177.46, S&P 500 rose 4.00 to 617.68, Nasdaq fell 3.49 to 1066.30, with volume at 434.00 million on the NYSE. Strong earnings not needed as rate expectations drive demand.
MENTIONED IN THIS ARTICLE
Ron Campbell
AM. Family Corp
Ameritech
At&t Corp
Io Mins Coal
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
Nat'l Gas
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Flowers Industries
FMC Corp
Food Lion Inc
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll Rand
Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Nationsbank Corp
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
Pittston Services
Potomac Elec
PWR
Praxair, Inc
Reebok Int
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
USX
Marathon Oil
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Int'l
Westinghouse EL
Westmoreland Coal
Westwaco Corp
Xerox Corp
Senate
NEW York
Federal Reserve
New York Stock Exchange
NYSE
Standard & Poor
Fed
Mitsubishi Bank/Schroder Wertheim
Ricky Harrington
Interstate Johnson Lane