Stocks end lower as bond sell-off shifts market
The Dow fell 12.80 to 4195.38 as bonds sparked a late reversal. Volume on the Big Board reached 333.90 million shares, with 14 gainers, 20 decliners, and 10 unchanged among Eastern Iowa stocks. Rockwell rose 1% and AEGON edged higher while several names slipped. Rockwell reported Q2 earnings of 191.4 million on 3.4 billion in sales, up from a year ago. Luxottica agreed to buy U S Shoe for 1.4 billion, planning to keep LensCrafters and divest other units.
MENTIONED IN THIS ARTICLE
Dow Jones
Iowa
Rockwell
AEGON
International Paper
Weyerhaeuser
W.R. Grace
General Electric
Procter & Gamble
NEW York Stock Exchange
Motorola
Wa Transport
Chrysler
E Utilities
TeleDanmik N
A Finance
Kmart
Moday
American Stock Exchange
EchoBay Viacomb
Et Naborsindee
Amex
Uti
Biotech
Indust
Standard & Poor's Insurance
Telecom
Transpt
Transport
Associated Press
No-load index funds likely outperform active peers long term
A Money article from April 2 notes that no load stock index mutual funds have historically beaten actively managed funds over five years or more. Ken Wall of Cavitt Asset Management Inc in Iowa City cautions that future performance remains unpredictable.
MENTIONED IN THIS ARTICLE
Ken Wall
Cavitt Asset Management Inc
Iowa City
Midwest Leads Manufacturing Revival Amid Export Boom
Michigan Iowa and Illinois show renewed growth as exports surge from 1987 to 1994 with Midwest shipments rising 11 percent in 1994. Canada and Japan drive sales up while new markets Belgium France Italy and Turkmenistan appear, signaling a sustained resurgence in Midwest manufacturing.
MENTIONED IN THIS ARTICLE
Midwest
U.S
U.S. Commerce Department
Iowa
Harvey Siegelman
Canada
Australia
Belgium
France
Italy
Turkmenistan
Siegelman
Cedar Rapids home prices slip in first quarter
Median price for Cedar Rapids single family homes fell to 79704 from 80579 as higher mortgage rates cool demand. Iowa City posted a 10499 rise to 94999, while statewide median edged up to 66037 with 3718 homes sold, listings dipping slightly.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa City
Iowa Association of Realtors
Iowa
Dick McKeen
Association
Tax Freedom Day cited as burden of government
IRS Commissioner Margaret Richardson cites Holmes while urging tolerance of taxes as Tax Foundation reports that the average American must work until May 6 to pay federal state and local taxes. The foundation notes the burden remains high with Iowa and others sharing the same date.
MENTIONED IN THIS ARTICLE
Washington
IRS
Margaret Richardson
The
Tax Foundation
Foundation
Iowa
J.D. Foster
Weather Holds Back Planting Pace Across Iowa
Statewide crop report shows less than half a day suitable for field work last week. Farmer Steve Leazer says oats planting slowed by wet ground and cold. Oats planted 40 percent, 4 percent emerged. corn planting delayed. topsoil moisture 54 percent adequate, 46 percent surplus. Snow and sleet noted. PRRS hog disease reported in west-central Iowa. Temperature averages run 2 to 5 degrees below normal with highs of 76 and lows near 24.
MENTIONED IN THIS ARTICLE
Steve Leazer
Wilton
Cedar and Muscatine
Leazer
Sibley
Sidney
Burlington
Ottumwa
Iowa
Also Mentioned on This Page
Rockwell International Corp
Luxottica
Luxottica Group Spa
U.S. Shoe Corp
LensCrafters
Borrow Livers
Tribune Media
Mexico
Knight-Ridder News Service and Gazette
Chicago
America
Federal Reserve Bank of Chicago
Federal Reserve
Ource
Comic Development
Gazette Graph
C.R. Homes
Oliver Wendell Holmes
Internal Revenue Service
FDIC
Firstar
Firstar Corp
BANK
Marlene Lucas
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