Stocks end mixed after blue chip rally on thin Christmas Eve trading
The Dow climbed 7.02 to 3333.26 as blue chips led a late rebound amid light volume on Christmas Eve. IBM, Bristol-Myers Squibb and Disney moved modestly, while high bond yields, profit taking, and Iraq concerns tempered the session.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Robert Thomas Securities, Inc
SIPC
Abbott Labs
Allegheny Power
AM. Family Corp
Aoe
Ameritech A
Tne
At&t CO
AM. Water Works
Anheuser-Busch
Apple Computer
Ashland Coal Inc Een Aere
Aarednererss
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel I
Boeing CO
Cabot Oil & Gas
Carolina Power
Fct
Hevron Corp
Chrysler Corp. Are
Anc
Rena
Chubb Jbb Corp
Corning Inc
CSX Corp
Detroit Edison
Dominion Beshs
DOW Chemical
Dupont
Eastern
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
Uth Rest
Virginia Bank
Flowers Industries
Rowers Fmc Corp
Food Lion Inc
Ford Motor CO
Rene Ieee
GEN. Electric CO
GEN. Motors Corp
GTE Corp
E Eerie En Igeorgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll—Rand
JOY Technologies
EY Centurian
K-Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
Mez
Mylan Labs
Nash-Finch CO
Nationsbank Corp
Eiercete
Navistar Int'l
Norfolk Southern
Occidental Pete
ONE Valley Bank
Pacific Telesis
J.C. Penney CO
Pennzoil CO
al Mh Dh Mim
Phillips Petroleum Pittston Coal
Potomac Elec
PWR
Praxair, Inc
Bankshares
Reynolds Metals
Ees Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Oulanmaenpeineeieen
Sherwin Williams
Shoney’s Inc
Panonageemengadiligemens Signet Banking
Southern CO
Parc Eere
Avait
Tenneco Inc Seine
Texaco Inc
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
USX
Marathon Oil
U.S. Steel
Wal-Mart
Walt Disney CO
Amana
Noa
Wendy's
Westinghouse EL
Westmoreland Coal
Westvaco Corp
Xerox Corp
DOW Jones
NEW York
New York Stock Exchange
Wall Street
Iraq
Conference Board
IBM
Glaxo
Abbott Laboratories
Merck
Syntex
Bristol-Myers Squibb
Northeast Bancorp
First Fidelity Bancorporation
Northeast
Companies cash in on late breaks
New year brings tax fear as Clinton plan prompts many to accelerate compensation and option exercises. CEOs and stars like Cone McGwire and Sierra took large signing bonuses while firms advance year end bonuses, stock sales, and deferred pay to trim 1993 taxes. Bear Stearns and others move stock to save on future corporate deductions.
MENTIONED IN THIS ARTICLE
New York
Clinton
Washington
William J Goldberg
Kpmg Peat Marwick
David Cone
Kansas City Royals
Mark McGwire
Ruben Sierra
Oakland Athletics
Wall Street
Bear Stearns Cos
Bear Stearns
Walt Disney Co
David Coleman
Vickers Weekly
WV Legislature to tackle finances education and health
West Virginia lawmakers plan February sessions focusing on finances, education funding, and health care amid projected tax shortfalls and red ink in Medicaid and retirement systems. Gov Caperton and leaders cite federal changes, infrastructure needs, and possible “sin taxes” as tools to close gaps, with attention to higher ed funding and health program reforms.
MENTIONED IN THIS ARTICLE
Charleston
Gaston Caperton
Washington
Bill Clinton
West Virginia
Caperton
Senate
Keith Burdette
D-Wood
Republican Party
David McKinley
Chuck Chambers
D-Cabell
Chambers
Burdette
Clinton
Nancy Tolliver
Department of Health and Human Resources
Dollar Gains Amid Middle East Tensions On Holiday Week
The dollar rose against major currencies in New York trading as Middle East tensions escalated. Gold held at $332.90 on the COMEX with quotes near $333 at RNBNY. Investors sought the safe haven while Iraq-related news supported the gain along with military actions and warnings.
MENTIONED IN THIS ARTICLE
New York
Middle East
New York Commodity Exchange
Republic National Bank of New York
Iraq
U.S
United Nations
Persian Gulf
United States
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NYSE
American Stock Exchange
Merrill Lynch & Co
Morgan Stanley Group Inc
Shearson Lehman Brothers Inc
International Game Technology
Reno
Nev
Charles Mathewson
Robert C. Byrd
McKinley
Bluefield Daily Telegraph
Bluefield