Market Mixed As GM Plans Plant Closures And Greenspan Sours
Stocks mixed as GM announced 21 North American plant closings and tens of thousands of jobs cut in a restructuring. Greenspan testified gloomily about the economy while Commerce data hinted at rising business spending. Dow rose to 2906.09 as volume neared 192 million shares. NYSE and AMEX indices moved modestly.
MENTIONED IN THIS ARTICLE
New York
General Motors Corp
Federal Reserve
Alan Greenspan
General Motors
Unum
Greenspan
House
Ways and Means
Wall Street
Commerce Department
U.S
NYSE
American Stock Exchange
Grain futures mixed as Chicago Board of Trade shows activity
Grain futures for wheat corn and soybeans move with mixed signals on the Chicago Board of Trade. Wheat offers Dec and May contracts with small gains while corn and soybeans show varied one day percentages and open interest shifts. Prices reflect busy trading with several thousand bushels per contract and thousands in open interest across Dec May and Sep positions. Philadelphia egg market reports fair to good demand with consumer grade white eggs priced for retailer shipments and volume buyers.
MENTIONED IN THIS ARTICLE
Philadelphia
USDA
State report shows no end to recession in sight in Maryland
Maryland’s state report notes the recession lingers with mixed results. October gains in health care add 500 jobs, but construction shed 2,600, services 2,100, and finance real estate cut 1,100. Unemployment rose to 5.5 percent with 35,281 fewer employed. initial unemployment claims near 54,737.
MENTIONED IN THIS ARTICLE
Baltimore
State Department of Economic and Employment Development
DEED
Office of Research
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Citizens Bank
CSX Corp
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Baker Watts Inc
Fcnb Corp
F&m Bancorp
First Bank of Frederick
Giant Foods
Corpsore
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Intial
Ecomoaale
Pesai Thistic
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Bell Atlantic
Mid-Atlantic Region
Bell Atlantic Mobile Systems
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Viva