Dow Hits New Record as Stocks End Up Fractured
U S stocks finish at record highs with the Dow up 22.03 points to 5630.49 and the Nasdaq at 1117.79, while bond markets swing and traders digest stronger housing starts and modest Q4 growth. Techs retreat early but end mixed as major indices show narrow gains and volatility remains high.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
James Solloway
Argus Corp
Eli
American Stock Exchange
Dow
Arthur Hogal
Dean Witter Reynolds Inc
Treasury
Morgan Stanley
Giant
Mercantile Bell Atl
Bokshi
Ya Nations Bank
Jcpenney
Citizens Bank
CSX Corp
Pepsico Potom el
Coca Cola
la Sears
Comsat
Crown Amer Tbs
First United
Ferris
A Baker Watts Inc
Hechinger to End Dividends After Big Loss
Hechinger Co of Landover plans to stop paying dividends after an expected fourth quarter pre tax operating loss of 30 to 35 million dollars. The retailer projects an annual savings of about 5.7 million dollars by halting dividends as it ends a difficult year.
MENTIONED IN THIS ARTICLE
Landover (Ap) - Hechinger Co
Landover
Money Magazine
Economic growth weak in 1995 and 1996 outlook
The 1995 GDP rose 2.1 percent the weakest since 1991, with fourth quarter expansion at 0.9 percent. Private economists warned of a growth recession as consumer spending slowed and high debt persisted. Fed rate hikes in 1994 were cited as hindering growth, while analysts expected modest 1996 gains and potential rate cuts to boost the economy.
MENTIONED IN THIS ARTICLE
Commerce Department
Commerce
U.S
Micron Technologies
Hewlett-Packard
Salomon Brothers
IBM
Compaq
Packard Bell
Dell Computer
Washington
Clinton
Federal Reserve
Joseph Stiglitz
Fed
Robert Dederick
Northern Trust Co
Chicago
Jerry Jasinowski
National Assocation of Manufacturers
Lyndon Johnson
Pat Buchanan
David Wyss
Dri-Mcgraw Hill
Also Mentioned on This Page
Otroy-Bilt
Batens
Garden Way Inc
D.W. Ogg Equipment Co
Jefferson
Richard Summers
D.W. Ogg
Randy Jolicoeur
C. Russell Hess
Keith L. Alm
Donald Ogg
The
Frederick
PaineWebber
Holiday Inn
Holiday Drive
Diana L Wetzel
I Street N.W
Washington, DC
Fam Webber Inceroriud
SIPC
Pla As
Sis
Tleaameery & Property Managers
Arthur S. Lazerow
Home Inspection Service
Maryland
Brehiys
le Wespa
Cd Ag
National Company
Disney
Kingdom OF Toys
Frederick New
Seaace
Scottsdale Securities Inc
Scottsdale
Mutual
Oil & Gas
Scottsdale Securities, Inc
Discount Stock Brokers
Executive Blvd
Rockville
Schwab
Quick & Relly
Waterhouse Merrill Lynch
Neecre
Otermere
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