Wall Street Edges Higher Amid Morning Rally
Stocks finished higher after early strength as investors digested manufacturing and housing data. The Dow gained 76.71 to 9789.44, the S&P 500 rose 6.69 to 1042.88, and the Nasdaq added 4.09 to 2049.20 amid ongoing volatility.
Manufacturing ISM index climbs in October signaling growth
The Institute for Supply Management reports a 55.7 reading in October, the third straight above 50 and the highest since April 2006, as stockpiles are replenished. Economists warn the pattern may mirror prior recoveries where early manufacturing strength faded after a few months.
MENTIONED IN THIS ARTICLE
Institute For Supply Management
Ford posts near 1 billion Q3 profit in surprise turnaround
Ford Motor Company reports third quarter net income of 997 million dollars or 29 cents per share. The result, aided by U.S. market share gains cost cuts and Cash for Clunkers, hints at a solid profitable 2011. Shares rise 53 cents to 7.53 as turnaround gains momentum. Ford is based in Dearborn Michigan.
MENTIONED IN THIS ARTICLE
Ford
U.S
Dearborn
Mich
Treasury Bills Swing Yields Up On Price Drop
Treasury prices fell Monday and yields rose across the curve. The 10 year slipped to 101 26/32 for a 3.40 percent yield, while the 30 year moved to 1048/32 with a 4.25 percent yield. The two year rose to 0.92 percent and the three month fell to 0.05 percent.
MENTIONED IN THIS ARTICLE
Treasury
Farmers catch up on harvest as weather cooperates
Farmers across Iowa resumed harvesting after several dry days. Barb Lindsay and her son Brian shared duties in Masonville while state officials noted the slowest Iowa corn harvest since the 1960s with 18 percent completed and soybeans at 54 percent. ISU experts projected soybean harvest mostly done with favorable window, while corn may stretch into November due to remaining heavy loads and drying bottlenecks. Weather forecasts suggest a warmer drier first half of November, though past patterns remain inconsistent.
MENTIONED IN THIS ARTICLE
Orlan Love
the Gazette
Iowa
Barb Lindsay
Masonville
Brian Lindsay
Iowa Agriculture
Bill Northey
Palle Pedersen
Iowa State University Extension
ISU
Jim Fawcett
Roger Elmore
Elwyn Taylor
Taylor
Cedar Rapids man opens Orange Crate Gallery downtown
Michael Harker, 59, opened Orange Crate Gallery at 310 Third St. SE in downtown Cedar Rapids, offering his photography and works by Iowa artists and sculptors. The new space, aided by JumpStart Rental Assistance for six months, showcases books from University of Iowa Press and a forthcoming title from WDG Communications.
MENTIONED IN THIS ARTICLE
Michael Harker
Harker
Orange Crate Gallery
Third St. SE
Cedar Rapids
Iowa
University of Iowa Press
Crystal LaGludice
the Garette
Orange Crate
Third St
Burger King reopens Cedar Rapids store after explosion
Beaton Inc. restores the Mount Vernon Road SE Burger King after a April 24 fire and explosion, with about 600000 in repairs creating a double drive through and new exterior look. Investigators cite smoking materials near the front entrance as the probable cause.
MENTIONED IN THIS ARTICLE
Dave DeWitte
The
Gazette
Burger King
Mount Vernon Rd
Cedar Rapids
Perry Beaton
Beaton Inc
Mount Vernon Road SE
Beaton
33Rd Ave
Fed to hold rates at record lows amid policy split
The Federal Reserve is expected to keep its target range at zero to 0.25 percent as policymakers debate when to tighten policy. Bernanke and colleagues may signal a stance shift to investors while keeping the current mortgage support program unchanged amid a fragile recovery and several quarters of declines.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ben Bernanke
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