Technology stocks pull Dow down amid rate-cut uncertainty
Technology shares weakened the Dow as investors priced in delayed rate cuts, with the Dow at 5,174.92, down 9.40 from the prior session. Analysts noted a recent run-up and a pause in gains while inflation worries and mixed economic data kept expectations for a December Fed cut in question.
MENTIONED IN THIS ARTICLE
Dow
New York
Alfred E. Goldman
A.G. Edwards & Sons Inc
St. Louis
New York Stock Exchange
NYSE
Standard & Poor
American Stock Exchange
Federal Reserve
Labor Department
Tech shares slip in November ahead of last year
Computer chip sector eased in November but stayed above year earlier levels as SoundView Financial Group warned memory chip prices may weaken. Intel fell 1 percent to 62.34, Motorola down 61 percent at 6.1, and Texas Instruments slid 1 percent to 54. Overseas, the Nikkei in Tokyo rose 0.4 percent, Germany's DAX gained 0.7, and London's FTSE 100 edged up 0.1 percent.
MENTIONED IN THIS ARTICLE
SoundView Financial Group
Intel
Motorola
Texas Instruments
Tokyo
London
Grain futures Lowe's sales rise in October
Lowe's Companies reported October sales of 5.515 billion dollars, up 16 percent from October 1994, reflecting stronger demand across home improvement.
MENTIONED IN THIS ARTICLE
Lowe’s Companies
Chicago
Chicago Board of Trade
US trade deficit narrows in July September quarter
The Commerce Department reports the current account deficit at 39.48 billion dollars for the July to September quarter, an 8.7 percent improvement from April to June. Analysts largely credit stronger overseas sales and slower imports, with projections that the gap may shrink further into 1998 as the economy softens.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
America
Mexico
United States
Bruce Steinberg
Merril Lynch
New York
Cotton harvest forecast slips while orange crop rises
Washington AP report from the Agriculture Department shows the cotton harvest at 182 million bales, down 3 percent from last month and 7 percent below the 1994 record, though still the third largest on record. California yields fell to 551 pounds per acre due to a cool wet spring and insect issues. the orange crop is forecast at 11.7 million tons, up 1 percent from November and last season, and to be the second largest on record.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
California
Bartlett addresses MMMTA on federal changes and taxes
Dr. Roscoe Bartlett, Hagerstown Republican congressman, told the Mid Maryland Motor Truck Association meeting that current House and Senate actions rivaled shifts seen since the New Deal. He praised deregulation, spoke on taxation impact on heirs, housing costs, and subsidies, noting four divorces among 73 new congress members as toll of long sessions.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Roscoe Bartlett
R-Md
Mid-Maryland Motor Truck Association
Herbert Conklin
Maryland Motor Truck Association
Hagerstown
Maryland
House
Senate
Congress
Bartlett
Dr. Bartlett
Dr Bartlett
GOP
Washington
Also Mentioned on This Page
Treasury
Arthur Hogan
Dean Witter
Discover & Co
Fed
Citicorp
Republic New York
Morgan Stanley
Semiconductor Industry Association
GTE Corp
IBM
Kmart
AligPwr
Life Tech
Alpha Ind
Loral Corp
Altimax
Lowes
Loyola Corp
Avemco I Marriott
Balt GE
We Bell Atl
Mercantile BioWhittaker
Bakshr
Nations Bank
Citizens Bank
Fe Hs
Jcpenney
CSX Corp
Pepsico
Coca Cola
Potom el
Comsat
Sears
Exxon
Fcnb Co
F&m Banco
First United
Weis
Giant Foods
Ferris, Baker Watts Inc
Lowe's Report
Mercedes
Mercedes Benz
Ulm
MBC
Benz
Ellicott City
Perry Holl
Lanham
Clinton
Mickey Kantor
Apa
The
Frederick News-Post
Scottsdale Securities Inc
AP Stock
AP Business Baromete
Scottsdale
Bes Gas
Scottsdale Securities, Inc. Discount Stock Brokers
Executive Blvd
Rockville
SIPC
Schwab
Quick & Reilly
Fidelity
Waterhouse
FCNB
Wubank
Imber Fdic
Fcnb Bank
HRV
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