Fragmentary Market Quote Sparks Lingering Doubt
A garbled day end quote from a press source hints at cautious trading and weak demand. The previous day’s sales figures are unreadable, leaving analysts uncertain about price trends and future volume.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 23, 2003
Page
8
A garbled day end quote from a press source hints at cautious trading and weak demand. The previous day’s sales figures are unreadable, leaving analysts uncertain about price trends and future volume.
Wall Street fell for a fifth straight session after J.P. Morgan Chase and Eastman Kodak reported weak quarterly results. The Dow Jones Industrial Average dropped 124.17 points to 8318.73, the S&P 500 slipped to 878.36, and the Nasdaq stood at 1359.48 as investors grow wary of a sluggish 2003. Eastman Kodak slid to 33.18, down 4.41, after missing estimates, while JPMorgan Chase fell 0.72 to 24.70 after a larger-than-expected loss.
President Bush stands by railroad executive John Snow as Treasury secretary nominee despite 1982 drunken driving arrest and a child support dispute with his ex-wife. Ari Fleischer said the issues do not affect his cabinet duties. Senate reaction is mixed as hearings approach.
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