Market watch summary May 5 2005 stock activity
Market watch reports mixed stock action with notable Nasdaq activity. Advancers and decliners are listed alongside new highs and lows, with volume totals for the main market and Nasdaq diary.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
May 06, 2005
Page
9
Market watch reports mixed stock action with notable Nasdaq activity. Advancers and decliners are listed alongside new highs and lows, with volume totals for the main market and Nasdaq diary.
New York shoppers steadied consumer reluctance in April lifting national retailer sales modestly above forecasts. Results varied as gas prices weighed on some chains while teen retailers luxury stores and wholesale clubs posted solid gains. J C Penney topped estimates, though Wal Mart and Target lagged.
Northwest Airlines said it will acquire 18 Boeing 787 Dreamliners and become the first North American carrier to operate the mid-size long-range plane. Initial deliveries are planned for August 2008, with options and purchase rights for 50 more aircraft.
CVS Corp the nation s largest drug store chain reported a 19 percent rise in first quarter profit aided by a severe flu season and an early Easter. The Providence based company also surpassed analysts estimates and saw shares reach a new 52 week high.
Standard & Poor's cuts GM and Ford debt to below investment grade, triggering higher borrowing costs and potential fund-raising limits. GM and Ford reject cash crunch claims as shares fall and bond values drop. Moody’s and Fitch still rate both as investment grade, while S&P cites SUVs dependence and European losses as factors.
Dayton Children’s Medical Center announced a 52 000 square foot outpatient center as part of a broader campus renovation with a projected 61 million plus cost. The project includes a parking deck and potential Flood Memorial Park changes, reflecting a wider city trend of hospital-led neighborhood stabilization.
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