Inflation Near Zero Allows Fed to Hold Rates Steady
Inflation barely rose 0.1 percent in November, enabling the Federal Reserve to keep short term rates at 5.5 percent. Analysts weigh risks to Asia while domestic growth helps support the stock market. Mortgage relief and strong housing data bolster confidence, with core inflation easing and policymakers watching global turmoil.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Labor Department
Bruce Steinberg
Merrill Lynch
Federal Open Market Committee
East Asia
Fed
William Dunkelberg
National Federation of Independent Business
Alan Greenspan
U.S
Asia
Bill Cheney
John Hancock Financial Services
United States
Norman Robertson
Smithfield Trust Co
Pitts
Stocks Rise as Investors Boost End of Year Portfolios
NEW YORK AP The stock market regained ground as investors began adding final shares to 1997 portfolios. Technology shares, battered last week, attracted buyers while the Dow rose late in the day to 7976.31, up 53.72, with 638.30 million shares traded on the NYSE and more issues advancing than declining 11 to 8.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Also Mentioned on This Page
Ron Campbell
AFLAC
Ameritech
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
IND. Tech
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
CBS Corp
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Acola CO
Columbia Gas Sys
Columbia Healthcare
CON
Nat'l Gas
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
Virginia Bank
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
Intel Corporation
K-Mart Corp
Kroger CO
Lowe's CO
Lucent Technologies
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Microsoft Corp
Mobil Corp
Monsanto CO
Mylan Labs, Inc
Nash Finch CO
Nations Bank Corp
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Brinks
Pittston Burlington
Pittston Minerals
Potomac Elec
PWR
Praxair, Inc
Pulaski Furniture
Reebok Int'l
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Texaco Inc
Tricontinental
Union Carbs
Union Pacific
Unisys Corp
Universal Corp
Usair Group
USX
Marathon Oil
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Nnt'l
Westwaco Corp
Valley Nat'l Gases
Xerox Corp
DOW Jones
Commerce Department
American Bankers Association
Jfmamj
Jason
Ee Aya
Hideto
Rachel
Willowbrook Rd
Woodlawn Memorial Park
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