Nasdaq diary reports market activity with highs and lows
The Nasdaq diary notes 1,944 new highs and 1,291 declines with 15,940 new lows and volume reaching 1,576,391. The report captures daily market breadth and overall trading momentum.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 03, 2004
Page
7
The Nasdaq diary notes 1,944 new highs and 1,291 declines with 15,940 new lows and volume reaching 1,576,391. The report captures daily market breadth and overall trading momentum.
The Commerce Department says construction spending declined 0.3 percent in June to an annual rate of 985.2 billion dollars, the first drop since January. Economists expected flat growth, while the year over year figure remained 8.6 percent higher.
Fifth Third announces the acquisition of First National Bankshares of Florida for about 1.58 billion, adding 77 full service centers in Orlando Tampa Bay Sarasota Naples and Fort Myers. The deal doubles Fifth Third presence in Florida and closes in Q1 2005 pending approvals.
Procter & Gamble announces Millstone gourmet fair trade and Rainforest Alliance coffees will reach supermarkets and drug stores by late September. The move follows growing consumer interest in cause related coffees amid prices and overproduction challenges.
The Quebec Labor Relations Board accredited a union at a Saguenay Wal-Mart store with about 180 workers, marking the retailer's likely first unionized outlet in Canada. The UFCW local welcomed the decision and urged Wal-Mart to negotiate a labor contract. Wal-Mart Canada questioned the automatic certification and noted no democratically held election occurred.
Cox Enterprises proposes a 32 per share buyback valuing Cox Communications at 7.9 billion, triggering a rare cable stock rally. Cox shares jumped 20 percent to 33.25 on the NYSE as analysts weigh the offer, with many noting shareholders would need to approve if the board accepts. Cablevision and others also rose on the broader optimism.
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