Tech concerns drag market down amid earnings anxiety
Blue chip stocks closed higher but technology issues pulled the broader market lower as investors awaited Intel's third quarter results. The Dow rose 46.62 to 10,238.80 while the Nasdaq fell 26.52 to 3,290.25 and the S&P 500 added 0.45 to 1,374.62. Texaco Chevron merger buoyed shares as oil slipped to $32.70.
MENTIONED IN THIS ARTICLE
Ron
At&t Corp
Water Oaks
R-Busch
Apple Computer
TECH
Aes
ASH CO
Tend Inc
Jeri Jani
America
Bell Oath Corp
EM Steel
Boeing CO
Eurolina Power
Pic Vro Corp
Hubb Corp
BIA Energy
Healthcare
RUST
Lerch Sler AG
ENERG
Union Res
Eastman Kodak
Avy Aso Electric
HYL Corp
Amobit
ST Ion Corp
Virginia Bank
Lowers Industries
CORP
URA Otor CO
C Electric CO
Motors Corp
Georgia Pacific
Ules Inc
LE Corporation
Mart Corp
ESCO
Icdonald's Orp
Merck & CO. Inc
Micr Eon Corp
Yuan Labs Oy Cssol
NIKE
Ole Souther
NNEY
COX
IL Cox
Sico Inc
Ilip MC
Lips Petroleum
Iusto Brinks
Otomac C.pwr
PRAIR
REEBO
EX Stor Corp
AID Cor
AJ Reynolds
Piteint
Saral Corp
Roebuck
Erwin Illiams
Souther
ERN CO
CO Inc
INC
Continental
Inion Carbide
Jnio Fic
I Sys Corp
Iversal Corp
IR. Group
Rathon
U.S. Steel
RTS
Isney CO
ACO Corp
Toral Gas
New York
Intel
Microsoft
Standard & Poor
Charles Pradilla
SG Cowen Securities
San Francisco HQ Highlights 1999 Financials
San Francisco headquarters reports 1999 sales of 31.5 billion dollars and net income of 2.1 billion. The company employed 36,490 people that year.
MENTIONED IN THIS ARTICLE
San Francisco
White Plains
Chevron Texaco deal reshapes oil giants with 35 billion stock swap
Chevron Corp to acquire Texaco Inc in a 35 billion stock swap creating Chevron Texaco Corp, the world’s fourth-largest oil company. The union could face antitrust hurdles, with potential divestitures of refineries and gas stations to win approvals.
MENTIONED IN THIS ARTICLE
Chevron Corp
Texaco Inc
Chevron
Texaco
San Francisco
Chevron Texaco Corp
Exxon Mobil Corp
Royal Dutch/Shell Group
BP Amoco PLC
U.S
Tyler Dann
Banc of America Securities
Houston
John Watson
Shell
BP Amoco
Watson
Inventories and sales post solid gains in August
U S companies boosted inventories by 0.7 percent to 1.21 trillion and posted a 0.5 percent rise in sales to 902.3 billion in August. Manufacturers led the gain as retailers and wholesalers also expanded stockpiles. the inventory to sales ratio rose to 1.34 months, highest since September 1999.
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Washington
U.S
Commerce Department
Federal Reserve
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