NYSE delays hours expansion until millennium end
New York Stock Exchange chairman Richard Grasso announced the delay of trading hours expansion until at least next year. He cited priorities on Year 2000 readiness and decimalization of price reporting, with a public confidence check before any morning or evening hours are added. The NASD meanwhile plans a possible late-day extension on Nasdaq.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Richard Grasso
Grasso
National Association of Securities Dealers
Frank Zarb
NASD
Securities and Exchange Commission
SEC
Retail report spurs blue chip rebound
Blue chip stocks closed higher as strong May sales from Wal-Mart and Gap lifted sentiment. The Dow rose 85.80 to 10,663.69 while Nasdaq lagged, with traders weighing Federal Reserve inflation worries against modest factory orders decline of 1.2 percent.
MENTIONED IN THIS ARTICLE
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
Bankamerica
Bell Atlantic
Bethlehem Steel Bellsouth Corp
Boeing CO
CBS Corp
Cabot Oil & Gas
Carolina Powers
Chevron Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
CON
Nat'l Gas
Corning Inc
Suntrust Banks
CSX Corp
CVS Corp
Daimlerchrysler Age
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 Corpus Industries
Food Lion Inc
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE
Georgia Pacific
Gillette
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll Rand
Ntel Corporation
K-Mart Corp
Kroger CO
Lowe's Cos
Lucent Technologies
McDonald's Corp
Merck & CO. Inc
Microsoft Corp
Mobil Corp
Monsanto CO
Mylan Labs, Inc
Nash Finch CO
Navistar Int'l
IKE, Inc
Norfolk Southern
Occidental Pete
ONE Valley Bank
J.C. Penney CO
Ennzoil CO
Epsico Inc
Hila. 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
Eynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Southern CO
Tenneco Inc
Texaco Inc
TRI Continental
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Usair Group
Usx-Marathon Oil
USX
U.S. Steel
Wal-Mart
Walt Disney CO
Wendy's Nnt'l
Westvaco Corp
Williams Cos
Valley Nat'l Gases
Xerox Corp
DOW Jones
New York
Wall Street
Federal Reserve
U.S
National Association of Purchasing Managers
Factory orders fall 1.2 percent in April
Commerce data show April factory orders down 1.2 percent led by a slide in aircraft and transport goods, while transportation stripping would have risen 0.5 percent excluding that sector. Retailers report stronger May sales amid warm weather and shoppers buying clothing and patio items.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
Big retailers post strong May sales across chains
Americans boosted May retail figures at the nation’s biggest chains with warm weather and strong economy fueling demand for sundresses patio furniture and beach towels. Wal-Mart led gains with 7.7 percent same store growth and 14.3 percent overall sales as confidence remained high despite Wall Street volatility.
MENTIONED IN THIS ARTICLE
New York
U.S
Kurt Barnard
Barnard
Wall Street
Jeffrey Feiner
Lehman Brothers Inc
Wal-Mart
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Gap Inc
Fed
Department of Commerce
Salvation Army Family
Mercer Street
Princeton
Zoning Board OF Adjustment
Kathleen Wooldridge
Valley View Ave
Memorial Ave
Belvue St
Shady Ave
Kathy Kennedy
Dearborn Ave
Augusta Street
College Ave
Kell St
Rogers Street
Bluefield
West Virginia
Beverly G. Tresch
Directv
Pegasus Satellite Television
Hollywood
Cox
Sam Jones
Open Sky Enterprises
Cox Satellite
Total Choice
Pegasus
Directv, Inc
Hughes Electronics Corporation