Tech stocks tumble in third straight session
Technology shares declined for a third consecutive session, dragging the Nasdaq down 189.22 to 4,644.67 while the Dow rose 82.61 to 11,018.72. The S&P 500 gained 0.79 to 1,508.52 as small caps fell, with notable drops in Redback Networks and eBay amid broad profit-taking and valuation concerns.
MENTIONED IN THIS ARTICLE
RON Campbell Investment Planning
Raymond James Financial Services
NASD
SIPC
Abbott Labs
Allegheny Electric
AFLAC
SBC Communications
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
Bellsouth Corp
Bethlehem Steel
Boeing CO
CBS Corp
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
Columbia Gas Sys
Columbia Healthcare
Corning
Suntrust
CSX Corp
CVS Corp
Daimlerchrysler
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Mobil
First Union Corp
Virginia Bank
Flowers Industries
FMC Corp
Delhaize America Inc
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE
Georgia Pacific
Gillette
GLAXO
Goodyear Tire
Hercules Inc
Humana Corp
IBM Corp
Ingersoll Rand
Intel Corporation
K-Mart Corp
Kroger CO
Lowe's Cos
Lucent Technologies
McDonald's Corp
Merck & CO. Inc
Microsoft Corp
UPS
Monsanto CO
Mylan Labs, Inc
Nash Finch CO
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
Potomac Elec
PWR
Praxair, Inc
Pulaski Furniture
Reebok Int'l
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJ Reynolds
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
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
Standard & Poor
Redback Networks
eBay
Sun Microsystems
Yahoo
Dow
Hewlett- Packard
Abby Joseph Cohen
Goldman Sachs
Charles G. Crane
Key Asset Management
Common Tax Filing Mistakes to Avoid
A compact guide lists errors to watch in tax season. It notes incorrect Social Security numbers due to name changes, arithmetic mistakes needing recalculation of affected figures, failing to sign by both spouses, omitting attachments like W2 forms, and insufficient postage causing mail to reach a dead letter box with possible IRS penalties and interest.
MENTIONED IN THIS ARTICLE
IRS
Washington
Sanford Warren
Millsaps College
Jackson
Miss
Social Security Administration
Don Roberts
Davis and
Warren
Davis
Math mistakes top tax return errors
Washington AP reports common filing missteps as April 17 deadline nears. Key issues include incorrect Social Security numbers, misreporting incomes, improper signings, and misclassified investment earnings. Experts urge fact checking, prompt filing, and awareness of IRS penalties and payment options.
New Home Sales Dip Yet Remain Robust in February
Commerce Department data show new home sales falling 0.5 percent in February to a seasonally adjusted annual rate of 919,000. Despite higher mortgage rates, analysts say demand stays strong as builders benefit from sustained activity and resilience, with economist Joel Naroff noting no major pullback.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Joel Naroff
Naroff Economic Advisors
OPEC plan fuels waiting game
Washington reports suggest OPEC will raise output by 1.7 million barrels per day to fill a 2 million bpd shortfall and ease crude prices, with a six to eight week lag before relief reaches U.S. markets. Clinton welcomes the move and urges swift savings passage to consumers. Analysts caution benefits may be delayed as refiners stay on higher cost oil.
MENTIONED IN THIS ARTICLE
Washington
OPEC
Clinton
Organization of Petroleum Exporting Countries
New York Mercantile Exchange
U.S
Red Cavaney
The
American Petroleum Institute
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Social Security
BOC
Wirce
Bluefield
JAVED
Mohammad Javed
FACC
Cherry Street
Mon
Anna
Courthouse Road
Princeton
Southampton
Hekman
Mark Hampton
Reed & Ribbon
Bland St
Apys
Rick Allen
Dennis Thompson
Stafford Drive
Prudential Bank
P.O
Atlanta
Prudential Bank and Trust Company
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F.S.B
Prudential Insurance Company of America
FDIC
the Prudential Insurance Company of America
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