Stocks Bounce Back as Tech Rallypauses on Friday
U S markets closed mixed with tech shares aiding a mid session rebound. Nasdaq rose 50.61 to 5097.47 after dipping, while Dow gained 25.44 to 10036.17 and S&P 500 added 3.52 to 1405.21 as investors banked profits on Nasdaq gains and digest the sprint in technology stocks. CMGI fell 6 13 16 to 138 9 16 and Qualcomm declined 4 5 8 to 122 3 8.
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New York
Wall Street
Standard & Poor
Qualcomm
Grain futures slide as soybeans fall on rains and exports
Wheat futures also drop on light volume as traders cash in before weekend. Soybeans ease after USDA export rise of 20 million bushels and anticipated rains in Brazil and Argentina. Prices fail to hold above 5.20 a bushel amid cautious selling.
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Chicago
Chicago Board of Trade
Brazil
Argentina
U.S. Department of Agriculture
U.S
Wheat and livestock futures slip as weather and demand loom
The Board of Trade noted soybeans and grains under pressure with forecasts of two Midwest storm systems. May wheat fell to 2.60 a bushel while corn, oats and soybeans declined. Beef and pork futures rose on the Chicago Mercantile Exchange with live cattle and feeder cattle advancing and lean hogs and frozen pork bellies up.
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Midwest
Chicago Mercantile Exchange
400 mile fiber optic route links Chicago to Detroit
CenturyTel Inc and Touch America sign a joint agreement to build a 400 mile fiber optic link between Chicago and Detroit. The network, targeting a November online date, will serve about 10 metropolitan areas and 35 central and southern Michigan communities. Touch America will have five access routes to Chicago.
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Chicago
Detroit
Century Tel
Michigan
Touch America
Louisiana market report from Amite and Mensura markets
Louisiana farm markets report March 9 shows cattle slaughter cows 37 to 41, feeder steers 118 to 135 for 300 to 400 pounds and 108 to 118 for 400 to 500 pounds, feeder heifers 104 to 116 for 300 to 400 pounds and 100 to 107 for 400 to 500 pounds, cow calf pairs 690 to 820. Broilers priced at 59 cents fob March 10. sweet potatoes 16 to 16.50 per 40 pound carton Beauregard, US No 1, cured. grain soybeans paid 5.02 to 5.14 in regions. cotton bids around 60.10 to 62.60 with thousands of bales bought.
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Baton Rouge
Louisiana Department of Agriculture
Louisiana
Amite
Mensura
f.O.b
Beauregard
U.S
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Raymond James Financial Services
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