March consumer spending shifts to services as big-ticket buys slow
In March Americans increased spending 0.3 percent led by services, while outlays on durable goods fell 1.1 percent, chiefly autos. Income rose 0.5 percent, keeping savings negative 0.8 percent as energy costs and uncertain times temper big purchases.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Ken Mayland
ClearView Economics
Clifford Waldman
Waldman Associates
Federal Reserve
Fed
Paul Taylor
National Automobile Dealers Association
Tech advances spark mixed Wall Street moveMonday
Blue chip averages fell as investors locked in gains after an April rally. The Dow dropped 75.08 to 10734.97, ending its intraday gain. Nasdaq rose 40.56 to 2116.24 while S P 500 slipped to 1249.46. Techs led while a few Dow names declined. Microsoft gained 0.63 to 67.75 and Intel rose 0.73 to 30.91. J P Morgan Chase fell 1.87 to 47.98. Wal Mart slipped 1.09 to 51.74 and Coca Cola eased 0.81 to 46.19.
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Dow Industrials
Dow Transportation
Dow Utilities
Nyse Composite
Amex
S&p MidCap
Russell
Wilshire
Toymax
AuroraBio
Anova
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Intricant
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LabChile
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CompAs
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Watson
Last Lucent
Nash
Oracle
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SPDR
Cisco
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SunMicro
AOL
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JDS Umiph
Cendant
Biotecht
Intels
Ageren
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WisCom
Spid
WorldCom
Wong At&t NY
IBM NY
AligEngy NY Kmart ‘Ny
AEP NY
KeySpan NY
AmWtt NY
Kroger NY
ArchCoal NY
Ashland NY
Lowes NY
Merck NY
Bb&t Cp NY Microsft Nash
CSX NY
PhilMor NY
CVS Co NY
PhilPet NY
Cbtog NY
DowChms NY
Sears NY
DuPont NY
Southnco'sny
DukeEggs NY
TncoAut NY
Ekodak NY
TriContl NY
Emisnel NY
Usxmar NY
Gapcgp NY
US Airway NY
Glaxoskin NY
UnvsiCo NY
VerizonCm NY
HCA
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Herculs NY
Humana NY
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Fidelity Invest
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Associated Press
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Report predicts job losses if steel subsidies rise
Washington AP report warns Congress could trigger 32,000 lost jobs and $2.9 billion annual cost to consumers if steel subsidies and import restraints rise. It says the automaker machinery and construction sectors would bear the heaviest harm with 50 local manufacturing jobs lost per steel job saved.
MENTIONED IN THIS ARTICLE
Washington
Congress
U.S
United States
Consuming Industries Trade Action Coalition
Nancy Gravatt
American Iron and Steel Institute
West Virginia
Wheeling-Pittsburgh Steel Corp
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IN Review
Department of
Lion
Mion
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Ondjfm
Department of Commerce
Alan Ackerman
Fahnestock & Co
Arthur Hogan
Jefferies & Co
Microsoft
Bluefield
Robinette Construction
Richard Robinette
Jim Anderson
OG CL
Ristorante
Cucina Italiana
N. Main St. Pearisburg
Virginia
Wndows
Cana
VISA
Mastercard
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